Star (NASDAQ:STHO) Posts Earnings Results

Star (NASDAQ:STHO) announced its earnings results on Tuesday. The company reported ($1.51) earnings per share (EPS) for the quarter, FiscalAI reports. Star had a negative return on equity of 33.77% and a negative net margin of 125.63%.The company had revenue of $25.36 million during the quarter.

Star Trading Up 2.1%

Shares of NASDAQ STHO traded up $0.17 during midday trading on Tuesday, reaching $8.29. The company had a trading volume of 32,356 shares, compared to its average volume of 54,373. The stock has a market cap of $105.58 million, a PE ratio of -0.75 and a beta of 1.21. Star has a one year low of $6.05 and a one year high of $9.56. The firm’s fifty day moving average price is $8.08 and its 200-day moving average price is $7.99. The company has a quick ratio of 7.09, a current ratio of 7.09 and a debt-to-equity ratio of 0.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Star in a report on Monday, December 29th. Wall Street Zen raised Star from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Star

Several hedge funds and other institutional investors have recently bought and sold shares of STHO. Tower Research Capital LLC TRC grew its holdings in shares of Star by 226.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after purchasing an additional 3,612 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Star by 238.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after buying an additional 7,093 shares during the last quarter. XTX Topco Ltd purchased a new stake in Star during the 2nd quarter valued at $79,000. AQR Capital Management LLC bought a new stake in Star in the 1st quarter worth $96,000. Finally, PDT Partners LLC purchased a new position in shares of Star in the second quarter valued at about $124,000. 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.