Star Holdings (NASDAQ:STHO - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 326,500 shares, a decline of 16.1% from the April 30th total of 389,000 shares. Currently, 2.5% of the company's stock are short sold. Based on an average daily volume of 105,200 shares, the short-interest ratio is currently 3.1 days.
Institutional Investors Weigh In On Star
A number of institutional investors and hedge funds have recently bought and sold shares of STHO. Tower Research Capital LLC TRC raised its position in shares of Star by 196.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company's stock worth $26,000 after acquiring an additional 1,761 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Star by 298.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company's stock worth $43,000 after acquiring an additional 3,335 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Star by 725.2% in the 4th quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company's stock worth $54,000 after acquiring an additional 4,888 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Star by 18.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,413 shares of the company's stock worth $92,000 after acquiring an additional 1,494 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Star in the 1st quarter worth $96,000. 89.31% of the stock is owned by institutional investors.
Star Stock Up 1.2%
NASDAQ STHO traded up $0.09 on Friday, reaching $7.30. 107,534 shares of the stock traded hands, compared to its average volume of 72,145. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24. The company has a fifty day moving average price of $6.61 and a 200-day moving average price of $8.35. The company has a market cap of $97.24 million, a price-to-earnings ratio of -1.12 and a beta of 1.12. Star has a 12 month low of $6.06 and a 12 month high of $14.50.
Star (NASDAQ:STHO - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.81) earnings per share for the quarter. The firm had revenue of $14.62 million for the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Star from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
View Our Latest Report on Star
Star Company Profile
(
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Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.
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