Star (NASDAQ:STHO) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Star (NASDAQ:STHO) from a "hold" to a "sell", and Weiss Ratings also maintained a "sell" rating, leaving the consensus rating at Sell.
• Shares trade around $8.31 with a 1‑year range of $6.05–$9.25, a market cap of $100.38 million, and a negative PE of -1.70, indicating the company is not currently profitable.
• Institutional investors own about 89.31% of the stock, and several funds recently shifted positions—Cerity Partners raised its stake while Two Sigma, Jane Street, Qube and Norges Bank opened new positions.

Star (NASDAQ:STHO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Star in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Star Price Performance

Shares of NASDAQ:STHO opened at $8.31 on Friday. The company has a current ratio of 7.84, a quick ratio of 7.84 and a debt-to-equity ratio of 1.01. Star has a 1-year low of $6.05 and a 1-year high of $9.25. The stock's fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $7.97. The stock has a market cap of $100.38 million, a PE ratio of -1.70 and a beta of 1.20.

Hedge Funds Weigh In On Star

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in shares of Star by 99.3% during the fourth quarter. Cerity Partners LLC now owns 35,020 shares of the company's stock valued at $288,000 after acquiring an additional 17,447 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Star during the third quarter valued at approximately $248,000. Jane Street Group LLC bought a new position in shares of Star during the first quarter valued at approximately $218,000. Qube Research & Technologies Ltd bought a new position in shares of Star during the second quarter valued at approximately $206,000. Finally, Norges Bank bought a new position in shares of Star during the fourth quarter valued at approximately $160,000. Institutional investors own 89.31% of the company's stock.

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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