Two Sigma Investments LP Has $170,000 Stock Position in Capstar Financial Holdings Inc (NASDAQ:CSTR)

Two Sigma Investments LP cut its stake in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) by 64.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,205 shares of the bank’s stock after selling 31,071 shares during the period. Two Sigma Investments LP owned about 0.09% of Capstar Financial worth $170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of Capstar Financial by 33.1% during the 4th quarter. Renaissance Technologies LLC now owns 441,173 shares of the bank’s stock valued at $7,346,000 after acquiring an additional 109,806 shares in the last quarter. Martingale Asset Management L P bought a new position in Capstar Financial in the fourth quarter valued at about $1,488,000. Russell Investments Group Ltd. boosted its stake in shares of Capstar Financial by 34.9% during the first quarter. Russell Investments Group Ltd. now owns 298,116 shares of the bank’s stock valued at $2,943,000 after purchasing an additional 77,200 shares in the last quarter. Arbiter Partners Capital Management LLC bought a new stake in shares of Capstar Financial during the first quarter worth about $549,000. Finally, BlackRock Inc. increased its stake in shares of Capstar Financial by 4.5% in the first quarter. BlackRock Inc. now owns 1,165,884 shares of the bank’s stock valued at $11,532,000 after buying an additional 49,916 shares during the period. Institutional investors own 35.58% of the company’s stock.

CSTR opened at $11.42 on Wednesday. The stock has a market cap of $209.07 million, a PE ratio of 10.20 and a beta of 1.20. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. Capstar Financial Holdings Inc has a twelve month low of $7.44 and a twelve month high of $17.48. The company has a fifty day moving average of $11.35 and a 200-day moving average of $12.84.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Monday, April 27th. The bank reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.17). The business had revenue of $22.54 million for the quarter, compared to analyst estimates of $21.93 million. Capstar Financial had a return on equity of 7.69% and a net margin of 16.41%. Sell-side analysts anticipate that Capstar Financial Holdings Inc will post 0.73 EPS for the current fiscal year.

In other Capstar Financial news, Director Dennis Bottorff purchased 4,380 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $11.37 per share, with a total value of $49,800.60. Following the completion of the purchase, the director now owns 300,058 shares in the company, valued at $3,411,659.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 13.60% of the company’s stock.

A number of equities research analysts have weighed in on CSTR shares. SunTrust Banks boosted their target price on shares of Capstar Financial from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Raymond James decreased their price objective on Capstar Financial from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. ValuEngine lowered Capstar Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Finally, Zacks Investment Research upgraded Capstar Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.40.

Capstar Financial Profile

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

Further Reading: Understanding each part of a balance sheet

Institutional Ownership by Quarter for Capstar Financial (NASDAQ:CSTR)

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