Star (NASDAQ:STHO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Star (NASDAQ:STHO) from a strong sell rating to a hold rating in a report issued on Thursday morning.

Star Stock Down 2.3%

NASDAQ:STHO opened at $6.08 on Thursday. The company has a market capitalization of $80.99 million, a price-to-earnings ratio of -0.93 and a beta of 1.23. Star has a one year low of $6.06 and a one year high of $14.50. The stock has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $8.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24.

Star (NASDAQ:STHO) last issued its earnings results on Monday, May 12th. The company reported ($0.81) EPS for the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%. The company had revenue of $14.62 million during the quarter.

Hedge Funds Weigh In On Star

A number of hedge funds and other institutional investors have recently bought and sold shares of STHO. Tower Research Capital LLC TRC boosted its stake in Star by 196.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock valued at $26,000 after acquiring an additional 1,761 shares during the period. PNC Financial Services Group Inc. boosted its stake in Star by 298.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock valued at $43,000 after acquiring an additional 3,335 shares during the period. Russell Investments Group Ltd. boosted its stake in Star by 725.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company’s stock valued at $54,000 after acquiring an additional 4,888 shares during the period. Wells Fargo & Company MN boosted its stake in Star by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock valued at $92,000 after acquiring an additional 1,494 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Star during the first quarter valued at approximately $96,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

About Star

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.