Star (NASDAQ:STHO) Releases Earnings Results

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

Star Stock Down 1.2%

Shares of STHO stock traded down $0.11 during trading hours on Friday, hitting $8.73. 16,430 shares of the company were exchanged, compared to its average volume of 36,865. The business has a 50 day moving average of $8.23 and a two-hundred day moving average of $8.02. The company has a current ratio of 7.84, a quick ratio of 7.84 and a debt-to-equity ratio of 1.01. Star has a 52 week low of $6.05 and a 52 week high of $9.25. The company has a market capitalization of $105.46 million, a PE ratio of -1.79 and a beta of 1.27.

Institutional Investors Weigh In On Star

Several institutional investors and hedge funds have recently added to or reduced their stakes in STHO. Tower Research Capital LLC TRC increased its position in shares of Star by 226.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock valued at $41,000 after acquiring an additional 3,612 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Star in the second quarter valued at about $79,000. AQR Capital Management LLC acquired a new stake in shares of Star in the first quarter valued at about $96,000. PDT Partners LLC acquired a new stake in shares of Star in the second quarter valued at about $124,000. Finally, American Century Companies Inc. increased its position in shares of Star by 11.3% in the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock valued at $125,000 after acquiring an additional 1,616 shares during the last quarter. 89.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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