Wall Street Zen Upgrades Star (NASDAQ:STHO) to Hold

Star (NASDAQ:STHO) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Star in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Star currently has an average rating of “Sell”.

Star Stock Performance

Shares of Star stock opened at $7.61 on Friday. The company has a current ratio of 7.09, a quick ratio of 7.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $96.95 million, a PE ratio of -0.69 and a beta of 1.23. The company has a 50 day moving average of $7.59 and a 200-day moving average of $7.87. Star has a 1-year low of $6.05 and a 1-year high of $9.87.

Institutional Trading of Star

A number of large investors have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Star in the 1st quarter worth about $408,000. Russell Investments Group Ltd. boosted its holdings in Star by 742.5% in the 1st quarter. Russell Investments Group Ltd. now owns 46,862 shares of the company’s stock valued at $399,000 after purchasing an additional 41,300 shares during the period. EVR Research LP boosted its position in shares of Star by 10.0% during the 1st quarter. EVR Research LP now owns 110,000 shares of the company’s stock valued at $936,000 after acquiring an additional 10,000 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Star during the 1st quarter valued at $245,000. Finally, Royal Bank of Canada boosted its holdings in shares of Star by 38.9% in the 1st quarter. Royal Bank of Canada now owns 42,418 shares of the company’s stock worth $361,000 after purchasing an additional 11,881 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.

About Star

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.