Star (NASDAQ:STHO) Posts Quarterly Earnings Results

Star (NASDAQ:STHO) posted its earnings results on Friday. The company reported $0.21 earnings per share for the quarter, Zacks reports. Star had a negative return on equity of 32.44% and a negative net margin of 50.51%.

Star Stock Performance

STHO stock traded up $0.20 during trading on Friday, hitting $7.21. The company had a trading volume of 75,970 shares, compared to its average volume of 36,478. The firm has a 50-day moving average price of $8.08 and a 200-day moving average price of $7.61. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 0.83. The firm has a market cap of $95.82 million, a PE ratio of -1.67 and a beta of 1.29. Star has a 1-year low of $6.05 and a 1-year high of $12.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STHO. Vanguard Group Inc. raised its stake in shares of Star by 4.7% during the third quarter. Vanguard Group Inc. now owns 605,526 shares of the company’s stock worth $4,983,000 after purchasing an additional 27,033 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Star by 226.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock valued at $41,000 after buying an additional 3,612 shares during the period. Rangeley Capital LLC raised its position in Star by 33.3% during the 2nd quarter. Rangeley Capital LLC now owns 172,000 shares of the company’s stock worth $1,343,000 after buying an additional 43,000 shares during the last quarter. PDT Partners LLC purchased a new position in Star during the 2nd quarter worth $124,000. Finally, Jane Street Group LLC lifted its stake in shares of Star by 289.6% in the 2nd quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock worth $781,000 after acquiring an additional 74,287 shares during the period. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Star Company Profile

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.