Weiss Ratings Reaffirms Sell (E+) Rating for Star (NASDAQ:STHO)

Key Points

• Weiss Ratings has reiterated its "sell (E+)" rating for Star Holdings (NASDAQ:STHO), indicating ongoing concerns about the company's performance.
• Star's stock recently traded down 1.3%, with a market capitalization of $104.86 million and significant negative metrics including a PE ratio of -1.83.
• Institutional investors showed increased interest in Star, with notable increases in holdings from firms like Tower Research Capital, which raised its stake by 226.5% in the second quarter.

Star (NASDAQ:STHO - Get Free Report)'s stock had its "sell (e+)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Star Trading Down 1.3%

NASDAQ STHO opened at $7.89 on Wednesday. The company has a market capitalization of $104.86 million, a PE ratio of -1.83 and a beta of 1.30. The company has a fifty day moving average of $8.25 and a 200 day moving average of $7.56. Star has a 1 year low of $6.05 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.21 and a quick ratio of 6.21.

Star (NASDAQ:STHO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter. Star had a negative net margin of 50.51% and a negative return on equity of 32.44%. The company had revenue of $42.05 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 3,612 shares in the last quarter. Rangeley Capital LLC increased its holdings in Star by 33.3% in the second quarter. Rangeley Capital LLC now owns 172,000 shares of the company's stock valued at $1,343,000 after buying an additional 43,000 shares in the last quarter. PDT Partners LLC purchased a new position in Star in the second quarter valued at $124,000. Jane Street Group LLC increased its holdings in Star by 289.6% in the second quarter. Jane Street Group LLC now owns 99,938 shares of the company's stock valued at $781,000 after buying an additional 74,287 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Star by 507.1% in the second quarter. Quantinno Capital Management LP now owns 88,778 shares of the company's stock valued at $693,000 after buying an additional 74,154 shares in the last quarter. Hedge funds and other 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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