Star (NASDAQ:STHO) Posts Quarterly Earnings Results

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

Star Stock Up 1.7%

STHO stock traded up $0.16 during mid-day trading on Friday, reaching $9.64. The company had a trading volume of 12,281 shares, compared to its average volume of 27,683. The company has a market capitalization of $116.45 million, a price-to-earnings ratio of -1.86 and a beta of 1.21. Star has a 52 week low of $7.01 and a 52 week high of $9.78. The stock has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $8.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.54 and a quick ratio of 8.54.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. Wall Street Zen raised 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 stock has an average rating of “Sell”.

Institutional Investors Weigh In On Star

Several large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake 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 buying an additional 3,612 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Star in the 2nd quarter valued at about $79,000. AQR Capital Management LLC acquired a new position in shares of Star during the 1st quarter worth about $96,000. PDT Partners LLC acquired a new position in shares of Star during the 2nd quarter worth about $124,000. Finally, American Century Companies Inc. raised its holdings in shares of Star by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock valued at $125,000 after purchasing an additional 1,616 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.

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.