Star (NASDAQ:STHO) Trading 1.2% Higher – Should You Buy?

Shares of Star Holdings (NASDAQ:STHO) shot up 1.2% on Thursday . The stock traded as high as $9.07 and last traded at $9.02. 4,835 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 14,932 shares. The stock had previously closed at $8.91.

Analyst Ratings Changes

Several equities analysts recently commented on STHO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Star in a research report on Monday, June 15th. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Star Stock Up 1.2%

The firm has a market cap of $108.97 million, a price-to-earnings ratio of -1.74 and a beta of 1.23. The business’s 50-day moving average is $8.86 and its 200-day moving average is $8.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.54 and a current ratio of 8.54.

Institutional Trading of Star

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock worth $125,000 after buying an additional 1,616 shares in the last quarter. TCW Group Inc. boosted its holdings 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. Cerity Partners LLC boosted its holdings in shares of Star by 13.0% in the 2nd quarter. Cerity Partners LLC now owns 21,072 shares of the company’s stock worth $165,000 after acquiring an additional 2,426 shares in the last quarter. Renaissance Technologies LLC grew its position in Star by 8.7% during the 4th quarter. Renaissance Technologies LLC now owns 37,815 shares of the company’s stock worth $311,000 after acquiring an additional 3,016 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Star by 226.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after acquiring an additional 3,612 shares during the last quarter. Institutional investors and hedge funds 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.