Penn Capital Management Co. Inc. Takes Position in Capstar Financial Holdings Inc. (CSTR)

Penn Capital Management Co. Inc. acquired a new stake in Capstar Financial Holdings Inc. (NASDAQ:CSTR) during the third quarter, Holdings Channel reports. The fund acquired 104,102 shares of the company’s stock, valued at approximately $1,765,000. Penn Capital Management Co. Inc. owned approximately 0.93% of Capstar Financial Holdings as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CSTR. American Investment Services Inc. bought a new position in Capstar Financial Holdings during the third quarter worth $169,000. Monashee Investment Management LLC bought a new position in Capstar Financial Holdings during the third quarter worth $1,269,000. Wasatch Advisors Inc. bought a new position in Capstar Financial Holdings during the third quarter worth $1,271,000. Thomson Horstmann & Bryant Inc. bought a new position in Capstar Financial Holdings during the third quarter worth $1,653,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Capstar Financial Holdings during the third quarter worth $2,115,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Capstar Financial Holdings (NASDAQ:CSTR)

Capstar Financial Holdings Inc. (NASDAQ:CSTR) traded up 1.16% during trading on Friday, reaching $19.22. The company had a trading volume of 26,365 shares. The company has a 50-day moving average price of $20.06 and a 200 day moving average price of $18.76. The stock has a market cap of $215.34 million and a PE ratio of 23.73. Capstar Financial Holdings Inc. has a 52-week low of $15.50 and a 52-week high of $22.35.

Capstar Financial Holdings (NASDAQ:CSTR) last issued its quarterly earnings results on Monday, January 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. During the same period in the prior year, the business earned $0.20 EPS. On average, analysts anticipate that Capstar Financial Holdings Inc. will post $0.89 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Penn Capital Management Co. Inc. Takes Position in Capstar Financial Holdings Inc. (CSTR)” was reported by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright law. The correct version of this news story can be accessed at http://sleekmoney.com/penn-capital-management-co-inc-takes-position-in-capstar-financial-holdings-inc-cstr/1657052.html.

A number of equities analysts have recently weighed in on the company. Raymond James Financial, Inc. assumed coverage on Capstar Financial Holdings in a report on Monday, October 17th. They issued an “outperform” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods assumed coverage on Capstar Financial Holdings in a report on Monday, October 17th. They issued a “market perform” rating and a $19.00 price target for the company. Sandler O’Neill assumed coverage on Capstar Financial Holdings in a report on Monday, October 17th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Compass Point cut Capstar Financial Holdings from a “buy” rating to a “neutral” rating in a report on Monday, October 31st. They noted that the move was a valuation call.

Capstar Financial Holdings Company Profile

CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.

5 Day Chart for NASDAQ:CSTR

Want to see what other hedge funds are holding CSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capstar Financial Holdings Inc. (NASDAQ:CSTR).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/penn-capital-management-co-inc-takes-position-in-capstar-financial-holdings-inc-cstr/1657052.html

Receive News & Ratings for Capstar Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstar Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *