Star (NASDAQ:STHO) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Star (NASDAQ:STHO) to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised Star from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Star currently has a consensus rating of “Hold”.

Star Stock Up 0.3%

Star stock opened at $7.47 on Friday. The stock has a market capitalization of $90.24 million, a PE ratio of 6.17 and a beta of 1.26. Star has a 12 month low of $7.01 and a 12 month high of $9.94. The business has a 50 day simple moving average of $8.72 and a 200-day simple moving average of $8.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 18.87 and a quick ratio of 18.87.

Star (NASDAQ:STHO) last announced its earnings results on Friday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $19.36 million for the quarter. Star had a net margin of 14.77% and a negative return on equity of 0.90%.

Hedge Funds Weigh In On Star

A number of institutional investors have recently added to or reduced their stakes in the stock. Rangeley Capital LLC boosted its position in shares of Star by 46.5% during the 1st quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock valued at $2,075,000 after acquiring an additional 86,972 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Star by 148.0% in the first quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock valued at $710,000 after purchasing an additional 55,965 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of Star in the second quarter valued at about $523,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Star in the second quarter valued at about $217,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Company Profile

Star Holdings (NASDAQ: STHO) is a real estate investment company that owns and manages a diversified portfolio of commercial real estate and real estate-related investments. Its holdings have included properties and investments across several sectors, including multifamily housing, office, retail, industrial, hospitality and land.

The company’s portfolio is primarily focused on real estate in the United States and may include both direct property interests and investments in real estate debt or other related assets.