Star (NASDAQ:STHO) Stock Price Up 1.3% – Time to Buy?

Shares of Star Holdings (NASDAQ:STHO) shot up 1.3% on Tuesday. The company traded as high as $8.59 and last traded at $8.58. 32,686 shares traded hands during trading, an increase of 92% from the average daily volume of 17,060 shares. The stock had previously closed at $8.47.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Star from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Star Price Performance

The stock has a 50-day moving average price of $9.40 and a 200 day moving average price of $8.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 18.87 and a quick ratio of 18.87. The firm has a market cap of $103.65 million, a price-to-earnings ratio of 7.09 and a beta of 1.22.

Star (NASDAQ:STHO) last announced its earnings results on Friday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $19.36 million during the quarter. Star had a net margin of 14.77% and a negative return on equity of 0.90%.

Institutional Investors Weigh In On Star

Several large investors have recently modified their holdings of STHO. Ramsey Quantitative Systems purchased a new position in shares of Star during the second quarter worth approximately $217,000. Marquette Asset Management LLC purchased a new stake in Star in the 2nd quarter valued at $523,000. Renaissance Technologies LLC raised its position in Star by 148.0% in the 1st quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock valued at $710,000 after purchasing an additional 55,965 shares during the last quarter. Finally, Rangeley Capital LLC boosted its stake in Star by 46.5% during the 1st quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock worth $2,075,000 after purchasing an additional 86,972 shares during the period. 89.31% of the stock is owned by institutional investors and hedge funds.

Star Company Profile

Star Holdings (NASDAQ: STHO) is a real estate investment company that owns and manages a portfolio of commercial real estate assets and related investments. The company’s holdings primarily consist of legacy real estate investments, including properties, loans and other interests connected to commercial real estate.

Star Holdings was formed from the legacy operations of iStar Inc, following the separation of iStar’s ground-lease business into Safehold Inc The company focuses largely on monetizing and managing its existing portfolio rather than operating as a traditional property developer or a broad-based property management company.

Its investments are primarily located in the United States and span multiple commercial real estate categories.