Star (NASDAQ:STHO) Shares Up 4.4% – What’s Next?

Star Holdings (NASDAQ:STHO)’s share price was up 4.4% on Monday . The stock traded as high as $8.93 and last traded at $8.82. Approximately 84,050 shares changed hands during trading, an increase of 51% from the average daily volume of 55,776 shares. The stock had previously closed at $8.45.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STHO. Weiss Ratings reissued a “sell (d)” rating on shares of Star in a report on Monday, December 29th. Wall Street Zen upgraded shares of Star from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Star Stock Performance

The company has a fifty day moving average of $7.73 and a two-hundred day moving average of $7.91. The firm has a market capitalization of $112.37 million, a price-to-earnings ratio of -0.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.09 and a current ratio of 7.09.

Institutional Trading of Star

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