Star (NASDAQ:STHO) Announces Earnings Results

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

Star Stock Up 1.7%

NASDAQ:STHO opened at $9.64 on Friday. The firm’s 50-day moving average price is $9.15 and its 200-day moving average price is $8.59. The company has a market capitalization of $116.45 million, a PE ratio of -1.86 and a beta of 1.21. Star has a 1-year low of $7.01 and a 1-year high of $9.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.54 and a quick ratio of 8.54.

Hedge Funds Weigh In On Star

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Star by 226.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after buying an additional 3,612 shares during the period. XTX Topco Ltd bought a new position in Star in the 2nd quarter worth about $79,000. AQR Capital Management LLC bought a new position in Star in the 1st quarter worth about $96,000. PDT Partners LLC purchased a new position in shares of Star during the second quarter worth approximately $124,000. Finally, American Century Companies Inc. increased its position in shares of 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 own 89.31% of the company’s stock.

Wall Street Analyst Weigh In

STHO has been the topic of a number of research analyst 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 research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently 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.