Star (NASDAQ:STHO) Stock Rating Upgraded by Wall Street Zen

Star (NASDAQ:STHO) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Thursday.

Star Price Performance

NASDAQ STHO opened at $6.08 on Thursday. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. Star has a 12-month low of $6.06 and a 12-month high of $14.50. The company has a market capitalization of $80.99 million, a PE ratio of -0.93 and a beta of 1.23. The firm’s 50 day moving average is $6.92 and its 200-day moving average is $8.70.

Star (NASDAQ:STHO) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.81) earnings per share (EPS) for the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%. The business had revenue of $14.62 million during the quarter.

Institutional Trading of Star

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new stake in shares of Star in the fourth quarter valued at approximately $12,648,000. Saba Capital Management L.P. increased its holdings in Star by 24.9% during the fourth quarter. Saba Capital Management L.P. now owns 1,022,198 shares of the company’s stock worth $9,946,000 after buying an additional 204,030 shares during the last quarter. Foursixthree Capital LP acquired a new position in Star during the fourth quarter worth $9,207,000. Highbridge Capital Management LLC increased its holdings in Star by 15.6% during the fourth quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company’s stock worth $8,433,000 after buying an additional 116,710 shares during the last quarter. Finally, TCW Group Inc. increased its holdings in Star by 16.5% during the first quarter. TCW Group Inc. now owns 514,139 shares of the company’s stock worth $4,375,000 after buying an additional 72,913 shares during the last quarter. 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.