Star (NASDAQ:STHO) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Star (NASDAQ:STHO) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Star Stock Performance

NASDAQ STHO opened at $8.69 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.84 and a quick ratio of 7.84. Star has a 1-year low of $6.05 and a 1-year high of $9.56. The business has a 50 day simple moving average of $8.16 and a two-hundred day simple moving average of $8.04. The stock has a market capitalization of $105.06 million, a PE ratio of -1.78 and a beta of 1.21.

Institutional Investors Weigh In On Star

Several hedge funds and other institutional investors have recently made changes to their positions in STHO. Highbridge Capital Management LLC grew its holdings in Star by 5.7% during the 2nd quarter. Highbridge Capital Management LLC now owns 1,216,864 shares of the company’s stock valued at $9,504,000 after purchasing an additional 66,129 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Star in the second quarter worth about $260,000. Peapod Lane Capital LLC lifted its stake in Star by 32.1% in the second quarter. Peapod Lane Capital LLC now owns 399,238 shares of the company’s stock worth $3,118,000 after purchasing an additional 96,999 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Star by 238.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after buying an additional 7,093 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock valued at $125,000 after buying an additional 1,616 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

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.