Star (NASDAQ:STHO) Issues Quarterly Earnings Results

Star (NASDAQ:STHO) announced its quarterly earnings results on Friday. The company reported ($0.85) earnings per share (EPS) for the quarter, FiscalAI reports. Star had a negative net margin of 58.33% and a positive return on equity of 0.14%. The business had revenue of $20.94 million during the quarter.

Star Trading Down 1.2%

Shares of NASDAQ STHO opened at $8.73 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 7.84 and a current ratio of 7.84. Star has a 52-week low of $6.05 and a 52-week high of $9.25. The firm has a 50 day moving average price of $8.23 and a two-hundred day moving average price of $8.02. The stock has a market cap of $105.47 million, a P/E ratio of -1.69 and a beta of 1.27.

Hedge Funds Weigh In On Star

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TCW Group Inc. boosted its stake in shares of Star by 0.3% in the 4th quarter. TCW Group Inc. now owns 608,413 shares of the company’s stock valued at $5,007,000 after purchasing an additional 2,000 shares during the last quarter. PCM Encore LLC bought a new stake in shares of Star in the 4th quarter valued at $147,000. Renaissance Technologies LLC boosted its stake in shares of Star by 8.7% in the 4th quarter. Renaissance Technologies LLC now owns 37,815 shares of the company’s stock valued at $311,000 after purchasing an additional 3,016 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Star by 99.3% in the 4th quarter. Cerity Partners LLC now owns 35,020 shares of the company’s stock valued at $288,000 after purchasing an additional 17,447 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Star in the 4th quarter valued at $160,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Star from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Star Company Profile

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.