Star (NASDAQ:STHO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday.
Star Stock Performance
NASDAQ STHO traded down $0.01 during trading hours on Thursday, hitting $6.21. 21,398 shares of the stock were exchanged, compared to its average volume of 68,605. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. The company has a market cap of $82.72 million, a price-to-earnings ratio of -0.95 and a beta of 1.23. Star has a 12-month low of $6.09 and a 12-month high of $14.50. The stock has a 50-day moving average of $7.00 and a 200 day moving average of $8.79.
Star (NASDAQ:STHO - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.81) earnings per share (EPS) for the quarter. The business had revenue of $14.62 million for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. TCW Group Inc. boosted its position in shares of Star by 14.2% during the 4th quarter. TCW Group Inc. now owns 441,226 shares of the company's stock worth $4,293,000 after purchasing an additional 54,976 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Star by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 22,613 shares of the company's stock valued at $313,000 after purchasing an additional 12,502 shares during the period. Russell Investments Group Ltd. boosted its holdings in Star by 725.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company's stock worth $54,000 after buying an additional 4,888 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Star by 26.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 46,614 shares of the company's stock worth $454,000 after buying an additional 9,704 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Star during the fourth quarter worth about $516,000. Hedge funds and other institutional investors own 89.31% of the company's stock.
About Star
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Star, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Star wasn't on the list.
While Star currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
