Star (NASDAQ:STHO) Trading 1.5% Higher – Time to Buy?

Star Holdings (NASDAQ:STHO)’s share price traded up 1.5% during mid-day trading on Thursday . The company traded as high as $9.02 and last traded at $9.00. 13,922 shares were traded during trading, an increase of 21% from the average session volume of 11,528 shares. The stock had previously closed at $8.87.

Analyst Ratings Changes

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

Star Trading Up 1.5%

The business has a fifty day moving average of $8.39 and a 200-day moving average of $8.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.54 and a current ratio of 8.54. The company has a market capitalization of $108.72 million, a P/E ratio of -1.74 and a beta of 1.27.

Hedge Funds Weigh In On Star

Several large investors have recently bought and sold shares of STHO. Tower Research Capital LLC TRC lifted its stake in Star by 226.5% during the 2nd 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 in the last quarter. XTX Topco Ltd bought a new position in Star during the 2nd quarter valued at $79,000. AQR Capital Management LLC bought a new position in Star during the 1st quarter valued at $96,000. PDT Partners LLC bought a new position in Star during the 2nd quarter valued at $124,000. Finally, American Century Companies Inc. lifted its stake in Star by 11.3% during the 2nd 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 in the last quarter. 89.31% of the stock is currently owned by institutional investors.

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.