Star (NASDAQ:STHO) Stock Price Up 1% – Time to Buy?

Star Holdings (NASDAQ:STHO)’s stock price shot up 1% during trading on Monday . The company traded as high as $8.22 and last traded at $8.06. 9,984 shares were traded during trading, a decline of 68% from the average session volume of 31,639 shares. The stock had previously closed at $7.98.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Star in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Star from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Star Stock Down 1.0%

The company has a debt-to-equity ratio of 1.01, a current ratio of 7.84 and a quick ratio of 7.84. The stock’s fifty day simple moving average is $8.35 and its 200-day simple moving average is $8.07. The stock has a market cap of $98.17 million, a P/E ratio of -1.66 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC grew its stake in Star by 427.4% during the 4th quarter. NewEdge Wealth LLC now owns 156,821 shares of the company’s stock worth $1,291,000 after buying an additional 127,088 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Star by 289.6% during the second quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock valued at $781,000 after acquiring an additional 74,287 shares during the period. Quantinno Capital Management LP grew its position in shares of Star by 507.1% during the second quarter. Quantinno Capital Management LP now owns 88,778 shares of the company’s stock worth $693,000 after acquiring an additional 74,154 shares during the last quarter. Highbridge Capital Management LLC grew its position in shares of Star by 5.7% during the second quarter. Highbridge Capital Management LLC now owns 1,216,864 shares of the company’s stock worth $9,504,000 after acquiring an additional 66,129 shares during the last quarter. Finally, Rangeley Capital LLC increased its holdings in shares of Star by 33.3% in the 2nd quarter. Rangeley Capital LLC now owns 172,000 shares of the company’s stock worth $1,343,000 after acquiring an additional 43,000 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.