Star (NASDAQ:STHO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Star (NASDAQ:STHO) from a "sell" to a "hold," but Weiss Ratings reiterated a "sell (d)" and the MarketBeat consensus remains "Sell".
• STHO is trading around $8.30 with a market capitalization of about $100.3 million, a negative PE of -1.70, and a 12‑month range of $6.05 to $9.25.
• Institutional ownership is high at 89.31%, and several firms recently added or initiated positions (e.g., Tower Research up 226.5%, new stakes from XTX, AQR, PDT, and increased holdings by American Century).

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

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

Star Stock Down 0.5%

STHO stock opened at $8.30 on Friday. The company's 50 day simple moving average is $8.22 and its 200-day simple moving average is $7.98. The firm has a market capitalization of $100.27 million, a PE ratio of -1.70 and a beta of 1.20. Star has a 12 month low of $6.05 and a 12 month high of $9.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.84 and a quick ratio of 7.84.

Institutional Trading of Star

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of Star by 226.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company's stock valued at $41,000 after purchasing an additional 3,612 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Star during the second quarter valued at approximately $79,000. AQR Capital Management LLC purchased a new position in shares of Star during the first quarter valued at approximately $96,000. PDT Partners LLC purchased a new position in shares of Star during the second quarter valued at approximately $124,000. Finally, American Century Companies Inc. lifted its stake in shares of Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company's stock valued at $125,000 after buying an additional 1,616 shares during the period. 89.31% of the stock is currently owned by institutional investors and hedge funds.

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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