Wellington Management Group LLP Buys 1,849 Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR)
Wellington Management Group LLP boosted its stake in shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,206 shares of the bank’s stock after buying an additional 1,849 shares during the period. Wellington Management Group LLP owned about 1.63% of Capstar Financial Holdings worth $3,494,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Capstar Financial Holdings during the first quarter worth about $135,000. Raymond James Financial Services Advisors Inc. acquired a new position in Capstar Financial Holdings during the fourth quarter valued at $222,000. Northwestern Mutual Wealth Management Co. acquired a new position in Capstar Financial Holdings during the first quarter valued at $572,000. Russell Investments Group Ltd. boosted its position in Capstar Financial Holdings by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 49,731 shares of the bank’s stock valued at $948,000 after buying an additional 2,268 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in Capstar Financial Holdings by 23.4% in the first quarter. Hennessy Advisors Inc. now owns 395,000 shares of the bank’s stock valued at $7,533,000 after buying an additional 75,000 shares in the last quarter. Institutional investors own 37.83% of the company’s stock.
Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) traded down 0.88% during mid-day trading on Tuesday, hitting $16.86. The company had a trading volume of 88,379 shares. The company has a market capitalization of $189.52 million and a price-to-earnings ratio of 95.25. The company has a 50-day moving average price of $18.04 and a 200-day moving average price of $18.61. Capstar Financial Holdings Inc. has a 1-year low of $15.50 and a 1-year high of $22.35.
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Several research analysts have recently weighed in on the company. Sandler O’Neill cut Capstar Financial Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $19.00 in a research note on Tuesday, August 1st. Zacks Investment Research cut Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Stephens restated a “hold” rating on shares of Capstar Financial Holdings in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.75.
In other news, insider Christopher G. Tietz bought 2,000 shares of Capstar Financial Holdings stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average price of $17.00 per share, for a total transaction of $34,000.00. Following the purchase, the insider now directly owns 5,100 shares of the company’s stock, valued at approximately $86,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale W. Polley bought 3,000 shares of Capstar Financial Holdings stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average price of $16.99 per share, with a total value of $50,970.00. Following the purchase, the director now directly owns 5,704 shares in the company, valued at $96,910.96. The disclosure for this purchase can be found here. Insiders purchased a total of 14,000 shares of company stock valued at $246,070 in the last 90 days. 19.28% of the stock is currently owned by company insiders.
Capstar Financial Holdings Company Profile
CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.
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