Starry Group Holdings, Inc. (NYSE:STRY) Major Shareholder Sells $485,382.60 in Stock

Starry Group Holdings, Inc. (NYSE:STRY – Get Rating) major shareholder Tiger Global Management Llc sold 118,386 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $4.10, for a total value of $485,382.60. Following the sale, the insider now owns 1,222,917 shares of the company’s stock, valued at approximately $5,013,959.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

• On Tuesday, June 21st, Tiger Global Management Llc sold 100,000 shares of Starry Group stock. The shares were sold at an average price of $5.09, for a total value of $509,000.00.

Shares of NYSE:STRY traded down $0.10 during midday trading on Tuesday, reaching $5.08. The company had a trading volume of 739,186 shares, compared to its average volume of 791,523. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.27 and a current ratio of 4.27. The company’s 50 day moving average is $7.66. Starry Group Holdings, Inc. has a 1-year low of $4.03 and a 1-year high of $10.90.

Starry Group (NYSE:STRY – Get Rating) last released its earnings results on Thursday, May 12th. The company reported ($1.29) earnings per share (EPS) for the quarter. The company had revenue of $7.37 million during the quarter. As a group, equities analysts predict that Starry Group Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

STRY has been the subject of several recent research reports. Citigroup initiated coverage on Starry Group in a report on Thursday, May 12th. They issued a “neutral” rating and a $9.50 price target for the company. Piper Sandler assumed coverage on Starry Group in a report on Friday, June 3rd. They issued a “market perform” rating and a $10.00 target price for the company. Oppenheimer assumed coverage on Starry Group in a research report on Thursday, June 2nd. They set a “market perform” rating and a $10.00 price target on the stock. Moffett Nathanson assumed coverage on Starry Group in a research report on Monday, June 13th. They set a “buy” rating and a $11.00 price target on the stock. Finally, The Goldman Sachs Group lowered Starry Group from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Thursday, June 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $9.64.

Institutional investors have recently bought and sold shares of the stock. West Branch Capital LLC bought a new position in Starry Group during the first quarter worth about $25,000. Citigroup Inc. bought a new stake in shares of Starry Group in the first quarter valued at approximately $26,000. Bank of America Corp DE bought a new stake in shares of Starry Group in the first quarter valued at approximately $36,000. Penserra Capital Management LLC acquired a new position in Starry Group during the first quarter valued at approximately $43,000. Finally, Ergoteles LLC acquired a new position in Starry Group during the first quarter valued at approximately $94,000.

About Starry Group (Get Rating)

Starry Group Holdings, Inc operates as a next generation licensed fixed wireless technology developer and internet service provider. The company is deploying gigabit capable broadband to the home using its hybrid fiber fixed wireless technology. It serves approximately 5.3 million households through deploying its gigabit network in six U.S.

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