Star (NASDAQ:STHO) Trading 1.5% Higher – Time to Buy?
by Danessa Lincoln · The Markets DailyStar Holdings (NASDAQ:STHO – Get Free Report) shares traded up 1.5% during trading on Thursday . The company traded as high as $9.02 and last traded at $9.00. 13,922 shares changed hands during trading, an increase of 21% from the average session volume of 11,528 shares. The stock had previously closed at $8.87.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Star from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Report on Star
Star Stock Up 0.1%
The company has a quick ratio of 8.54, a current ratio of 8.54 and a debt-to-equity ratio of 0.86. The firm has a market cap of $108.85 million, a P/E ratio of -1.74 and a beta of 1.27. The stock’s 50-day simple moving average is $8.42 and its 200 day simple moving average is $8.20.
Hedge Funds Weigh In On Star
A number of institutional investors and hedge funds have recently made changes to their positions in STHO. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 3,612 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Star during the 2nd quarter worth about $79,000. AQR Capital Management LLC bought a new position in shares of Star during the 1st quarter worth about $96,000. PDT Partners LLC bought a new position in shares of Star during the 2nd quarter worth about $124,000. Finally, American Century Companies Inc. boosted its position in shares of Star by 11.3% during the 2nd quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock worth $125,000 after purchasing an additional 1,616 shares in the last quarter. Institutional investors 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.