Star (NASDAQ:STHO) Posts Earnings Results

Key Points

• Star reported a quarterly loss of $0.19 per share, alongside a negative net margin of 57.45% and a slightly positive return on equity of 1.18%.
• Shares rose 1.7% to $9.64, near the company’s 52-week high of $9.78; institutional investors own 89.31% of the stock.
• Analyst sentiment remains negative: Star has a consensus rating of “Sell”, despite one recent upgrade to “Hold.”

Star (NASDAQ:STHO - Get Free Report) announced its quarterly earnings data on Friday. The company reported ($0.19) EPS for the quarter, Zacks reports. Star had a positive return on equity of 1.18% and a negative net margin of 57.45%.

Star Stock Up 1.7%

STHO stock traded up $0.16 during mid-day trading on Friday, hitting $9.64. 12,281 shares of the company were exchanged, compared to its average volume of 27,683. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.54 and a current ratio of 8.54. Star has a 1-year low of $7.01 and a 1-year high of $9.78. The firm's 50 day simple moving average is $9.13 and its 200 day simple moving average is $8.59. The firm has a market cap of $116.45 million, a P/E ratio of -1.86 and a beta of 1.21.

Institutional Investors Weigh In On Star

Several large investors have recently made changes to their positions in STHO. Tower Research Capital LLC TRC lifted its position in Star by 226.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company's stock valued at $41,000 after acquiring an additional 3,612 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Star in the 2nd quarter valued at about $79,000. AQR Capital Management LLC acquired a new stake in shares of Star in the 1st quarter valued at about $96,000. PDT Partners LLC bought a new stake in shares of Star in the second quarter valued at about $124,000. Finally, American Century Companies Inc. lifted its holdings in shares of Star by 11.3% in the second quarter. American Century Companies Inc. now owns 15,965 shares of the company's stock valued at $125,000 after purchasing an additional 1,616 shares in the last quarter. Institutional investors own 89.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Star from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Star in a report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Star Company Profile

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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