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

Wall Street Zen upgraded shares of Star (NASDAQ:STHO) from a strong sell rating to a hold rating in a research report released on Thursday morning.

Star Price Performance

STHO stock opened at $6.22 on Thursday. Star has a 1-year low of $6.09 and a 1-year high of $14.50. The business’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $8.74. The company has a current ratio of 7.24, a quick ratio of 9.23 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $82.85 million, a PE ratio of -0.95 and a beta of 1.23.

Star (NASDAQ:STHO) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.81) EPS for the quarter. The company 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank acquired a new stake in Star during the fourth quarter worth approximately $12,648,000. Foursixthree Capital LP acquired a new stake in Star during the 4th quarter worth approximately $9,207,000. Bluefin Capital Management LLC bought a new stake in Star in the 1st quarter valued at $2,722,000. Saba Capital Management L.P. boosted its stake in Star by 24.9% in the 4th quarter. Saba Capital Management L.P. now owns 1,022,198 shares of the company’s stock valued at $9,946,000 after purchasing an additional 204,030 shares during the period. Finally, Peapod Lane Capital LLC grew its holdings in Star by 107.2% in the 1st quarter. Peapod Lane Capital LLC now owns 302,239 shares of the company’s stock valued at $2,572,000 after buying an additional 156,393 shares in the last quarter. Institutional investors and hedge funds 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.