Star (NASDAQ:STHO) Stock Jumps 1.3% – Time to Buy?

Star Holdings (NASDAQ:STHO) was up 1.3% during trading on Tuesday. The company traded as high as $8.59 and last traded at $8.58. Approximately 32,686 shares were traded during trading, an increase of 92% from the average session volume of 17,060 shares. The stock had previously closed at $8.47.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Star from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Star Price Performance

The firm’s 50 day moving average price is $9.38 and its two-hundred day moving average price is $8.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 18.87 and a quick ratio of 18.87. The stock has a market cap of $104.13 million, a PE ratio of 7.12 and a beta of 1.22.

Star (NASDAQ:STHO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.19) EPS for the quarter. The business had revenue of $19.36 million for the quarter. Star had a net margin of 14.77% and a negative return on equity of 0.90%.

Institutional Investors Weigh In On Star

Several institutional investors have recently made changes to their positions in STHO. Ramsey Quantitative Systems bought a new stake in Star during the second quarter valued at $217,000. Renaissance Technologies LLC increased its stake in Star by 148.0% in the 1st quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock worth $710,000 after acquiring an additional 55,965 shares during the last quarter. Marquette Asset Management LLC bought a new position in Star in the 2nd quarter worth about $523,000. Finally, Rangeley Capital LLC raised its holdings in shares of Star by 46.5% in the 1st quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock valued at $2,075,000 after acquiring an additional 86,972 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Company Profile

Star Holdings (NASDAQ: STHO) is a real estate investment company that owns and manages a portfolio of commercial real estate assets and related investments. The company’s holdings primarily consist of legacy real estate investments, including properties, loans and other interests connected to commercial real estate.

Star Holdings was formed from the legacy operations of iStar Inc, following the separation of iStar’s ground-lease business into Safehold Inc The company focuses largely on monetizing and managing its existing portfolio rather than operating as a traditional property developer or a broad-based property management company.

Its investments are primarily located in the United States and span multiple commercial real estate categories.