Star (NASDAQ:STHO) Issues Earnings Results

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

Star Price Performance

NASDAQ:STHO traded up $0.20 during trading hours on Friday, hitting $7.21. 75,970 shares of the stock traded hands, compared to its average volume of 36,478. The company has a market cap of $95.82 million, a price-to-earnings 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. The stock 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Star by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 605,526 shares of the company’s stock worth $4,983,000 after buying an additional 27,033 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 3,612 shares during the period. Rangeley Capital LLC grew its position in shares of Star by 33.3% during the second quarter. Rangeley Capital LLC now owns 172,000 shares of the company’s stock worth $1,343,000 after purchasing an additional 43,000 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Star during the second quarter worth about $124,000. Finally, Jane Street Group LLC raised its stake in Star by 289.6% during the 2nd quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock valued at $781,000 after purchasing an additional 74,287 shares during the period. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Wall Street Analyst Weigh In

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