Star (NASDAQ:STHO) Posts Earnings Results

Star (NASDAQ:STHO) announced its quarterly earnings results on Friday. The company reported ($0.19) earnings per share for the quarter, Zacks reports. Star had a negative net margin of 57.45% and a positive return on equity of 1.18%. The company had revenue of $19.36 million during the quarter.

Star Trading Up 1.7%

Shares of NASDAQ STHO opened at $9.64 on Friday. The company has a quick ratio of 8.54, a current ratio of 8.54 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $9.15 and its two-hundred day moving average price is $8.59. Star has a 52-week low of $7.01 and a 52-week high of $9.78. The stock has a market capitalization of $116.45 million, a P/E ratio of 7.97 and a beta of 1.21.

Hedge Funds Weigh In On Star

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in shares of Star by 226.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after purchasing an additional 3,612 shares during the period. XTX Topco Ltd acquired a new position in shares of Star in the 2nd quarter valued at about $79,000. AQR Capital Management LLC bought a new stake in shares of Star during the 1st quarter valued at about $96,000. PDT Partners LLC bought a new stake in shares of Star during the 2nd quarter valued at about $124,000. Finally, American Century Companies Inc. raised its stake in Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock worth $125,000 after acquiring an additional 1,616 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.

Analyst Upgrades and Downgrades

STHO has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus 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.