Star Equity Holdings, Inc. to Post Q2 2024 Earnings of ($0.07) Per Share, Litchfield Hills Research Forecasts (NASDAQ:STRR)

Star Equity Holdings, Inc. (NASDAQ:STRR) – Stock analysts at Litchfield Hills Research cut their Q2 2024 EPS estimates for Star Equity in a research note issued to investors on Monday, March 25th. Litchfield Hills Research analyst T. O’neill now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their prior forecast of ($0.05). The consensus estimate for Star Equity’s current full-year earnings is ($0.31) per share. Litchfield Hills Research also issued estimates for Star Equity’s Q3 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.09) EPS and FY2024 earnings at ($0.31) EPS.

Star Equity Stock Performance

Shares of Star Equity stock opened at $0.89 on Wednesday. Star Equity has a fifty-two week low of $0.65 and a fifty-two week high of $1.59. The firm has a market capitalization of $14.07 million, a price-to-earnings ratio of 0.60 and a beta of 0.23. The stock has a 50 day moving average of $0.95 and a 200 day moving average of $0.98.

Insider Transactions at Star Equity

In related news, major shareholder Equity Fund Lp Star bought 150,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of $0.28 per share, with a total value of $42,000.00. Following the completion of the transaction, the insider now directly owns 1,969,772 shares of the company’s stock, valued at approximately $551,536.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 28.83% of the company’s stock.

Institutional Trading of Star Equity

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at $46,000. Virtu Financial LLC increased its stake in Star Equity by 239.7% during the first quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock worth $51,000 after purchasing an additional 31,684 shares during the period. Vanguard Group Inc. lifted its position in shares of Star Equity by 149.4% during the third quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock worth $57,000 after purchasing an additional 34,431 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Star Equity in the second quarter valued at approximately $73,000. Finally, Geode Capital Management LLC boosted its stake in shares of Star Equity by 106.3% in the second quarter. Geode Capital Management LLC now owns 104,952 shares of the company’s stock valued at $110,000 after purchasing an additional 54,083 shares during the period. Hedge funds and other institutional investors own 3.84% of the company’s stock.

About Star Equity

Star Equity Holdings, Inc provides healthcare solutions in the United States and internationally. It operates through four segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. It offers imaging services primarily to cardiologists, internal medicine physicians, and family practice doctors; and imaging systems, including nuclear cardiac and general purpose nuclear imaging systems to physician offices and hospitals.