Star (NASDAQ:STHO) Stock Price Up 1.3% – Here’s Why

Shares of Star Holdings (NASDAQ:STHO) were up 1.3% during trading on Tuesday . The company traded as high as $7.83 and last traded at $7.79. Approximately 67,332 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 62,095 shares. The stock had previously closed at $7.69.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Star Stock Performance

The company has a fifty day moving average of $8.04 and a two-hundred day moving average of $7.97. The firm has a market capitalization of $99.24 million, a price-to-earnings ratio of -0.70 and a beta of 1.21. 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

Institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC raised its position in shares of Star by 5.7% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,216,864 shares of the company’s stock valued at $9,504,000 after buying an additional 66,129 shares in the last quarter. Vanguard Group Inc. grew its position in Star by 4.7% in the third quarter. Vanguard Group Inc. now owns 605,526 shares of the company’s stock valued at $4,983,000 after acquiring an additional 27,033 shares during the last quarter. Peapod Lane Capital LLC lifted its holdings in shares of Star by 1.1% in the third quarter. Peapod Lane Capital LLC now owns 403,707 shares of the company’s stock worth $3,322,000 after acquiring an additional 4,469 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Star by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,552 shares of the company’s stock valued at $1,468,000 after purchasing an additional 23,931 shares in the last quarter. Finally, Rangeley Capital LLC grew its holdings in shares of Star by 33.3% during the 2nd quarter. Rangeley Capital LLC now owns 172,000 shares of the company’s stock valued at $1,343,000 after purchasing an additional 43,000 shares during the last quarter. 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.