Star (NASDAQ:STHO) Posts Quarterly Earnings Results

Star (NASDAQ:STHO) issued its earnings results on Friday. The company reported ($0.19) EPS for the quarter, Zacks reports. Star had a negative net margin of 57.45% and a positive return on equity of 1.18%.

Star Stock Up 1.7%

Shares of NASDAQ STHO traded up $0.16 during mid-day trading on Friday, reaching $9.64. 12,281 shares of the company’s stock traded hands, compared to its average volume of 27,683. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.54 and a quick ratio of 8.54. The business has a 50-day simple moving average of $9.13 and a 200 day simple moving average of $8.59. The stock has a market cap of $116.45 million, a P/E ratio of -1.86 and a beta of 1.21. Star has a 1-year low of $7.01 and a 1-year high of $9.78.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Star

Several large investors have recently added to or reduced their stakes in the business. TCW Group Inc. boosted its stake in Star by 0.3% during the 4th quarter. TCW Group Inc. now owns 608,413 shares of the company’s stock valued at $5,007,000 after purchasing an additional 2,000 shares during the last quarter. PCM Encore LLC purchased a new stake in shares of Star in the fourth quarter worth approximately $147,000. Renaissance Technologies LLC raised its stake in shares of Star by 8.7% in the fourth quarter. Renaissance Technologies LLC now owns 37,815 shares of the company’s stock worth $311,000 after purchasing an additional 3,016 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Star by 99.3% in the fourth quarter. Cerity Partners LLC now owns 35,020 shares of the company’s stock valued at $288,000 after purchasing an additional 17,447 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Star during the fourth quarter valued at approximately $160,000. Institutional investors 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.