Star (NASDAQ:STHO) Trading Up 1% – Here’s Why

Star Holdings (NASDAQ:STHO) traded up 1% on Monday . The stock traded as high as $8.22 and last traded at $8.06. 9,984 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 31,639 shares. The stock had previously closed at $7.98.

Analyst Upgrades and Downgrades

STHO has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Star from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Star Trading Up 1.0%

The company has a current ratio of 7.84, a quick ratio of 7.84 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $97.45 million, a P/E ratio of -1.65 and a beta of 1.07. The business has a 50 day moving average price of $8.35 and a 200 day moving average price of $8.07.

Institutional Investors Weigh In On Star

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Star by 226.5% in 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. grew its holdings in shares of Star by 238.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after buying an additional 7,093 shares during the period. XTX Topco Ltd acquired a new position in shares of Star in the 2nd quarter valued at $79,000. AQR Capital Management LLC bought a new stake in shares of Star in the 1st quarter valued at $96,000. Finally, PDT Partners LLC bought a new stake in shares of Star in the 2nd quarter valued at $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.