Star (NASDAQ:STHO) Rating Lowered to “Sell” at Wall Street Zen

Star (NASDAQ:STHO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Star Price Performance

STHO opened at $8.66 on Friday. The company has a current ratio of 7.84, a quick ratio of 7.09 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $104.70 million, a P/E ratio of -1.77 and a beta of 1.21. The stock has a 50-day moving average price of $8.14 and a 200-day moving average price of $8.02. Star has a 12-month low of $6.05 and a 12-month high of $9.56.

Hedge Funds Weigh In On Star

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Star by 226.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock valued at $41,000 after purchasing an additional 3,612 shares during the last quarter. PNC Financial Services Group Inc. increased its stake 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 worth $79,000 after buying an additional 7,093 shares during the period. XTX Topco Ltd bought a new stake in Star during the 2nd quarter valued at $79,000. AQR Capital Management LLC purchased a new stake in Star during the 1st quarter valued at $96,000. Finally, PDT Partners LLC bought a new stake in Star in the 2nd quarter worth $124,000. 89.31% of the stock is currently owned by institutional investors.

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.