Star (NASDAQ:STHO) Downgraded by Wall Street Zen to “Sell”

Star (NASDAQ:STHO) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Star Trading Up 3.3%

NASDAQ STHO opened at $8.66 on Friday. The stock has a market cap of $104.70 million, a P/E ratio of -1.77 and a beta of 1.21. Star has a fifty-two week low of $6.05 and a fifty-two week high of $9.56. The stock has a 50 day simple moving average of $8.14 and a two-hundred day simple moving average of $8.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 7.09 and a current ratio of 7.84.

Hedge Funds Weigh In On Star

A number of institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. increased its stake in shares of Star by 0.3% in the 4th quarter. TCW Group Inc. now owns 608,413 shares of the company’s stock worth $5,007,000 after acquiring an additional 2,000 shares in the last quarter. PCM Encore LLC bought a new stake in Star in the 4th quarter worth approximately $147,000. Renaissance Technologies LLC increased its position in Star by 8.7% during the fourth quarter. Renaissance Technologies LLC now owns 37,815 shares of the company’s stock valued at $311,000 after acquiring an additional 3,016 shares during the last quarter. Cerity Partners LLC grew its position in Star by 99.3% during the fourth quarter. Cerity Partners LLC now owns 35,020 shares of the company’s stock valued at $288,000 after buying an additional 17,447 shares during the period. Finally, Norges Bank bought a new stake in shares of Star during the 4th quarter valued at $160,000. Institutional investors own 89.31% of the company’s stock.

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.