Starry Group Holdings, Inc. (NYSE:STRY – Get Rating) major shareholder Tiger Global Management Llc sold 16,172 shares of the company's stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $1.76, for a total transaction of $28,462.72. Following the sale, the insider now directly owns 19,328,183 shares of the company's stock, valued at $34,017,602.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Tiger Global Management Llc also recently made the following trade(s):
Get Starry Group alerts:- On Wednesday, September 28th, Tiger Global Management Llc sold 54,300 shares of Starry Group stock. The shares were sold at an average price of $1.66, for a total transaction of $90,138.00.
Starry Group Stock Down 12.7 %
Shares of STRY opened at $1.44 on Friday. The company's 50 day simple moving average is $2.70. The company has a debt-to-equity ratio of 35.82, a quick ratio of 3.16 and a current ratio of 3.16. Starry Group Holdings, Inc. has a twelve month low of $1.42 and a twelve month high of $10.90.
Starry Group (NYSE:STRY – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The company had revenue of $7.75 million for the quarter, compared to analysts' expectations of $8.30 million. As a group, equities analysts forecast that Starry Group Holdings, Inc. will post -1.23 earnings per share for the current fiscal year.Hedge Funds Weigh In On Starry Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tiger Global Management LLC acquired a new position in Starry Group during the first quarter valued at approximately $181,877,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Starry Group during the first quarter valued at approximately $29,799,000. Soros Fund Management LLC acquired a new position in Starry Group during the first quarter valued at approximately $11,725,000. Qube Research & Technologies Ltd acquired a new position in Starry Group during the first quarter valued at approximately $9,815,000. Finally, State Street Corp acquired a new position in Starry Group during the second quarter valued at approximately $3,261,000. Institutional investors and hedge funds own 88.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on STRY shares. Oppenheimer started coverage on shares of Starry Group in a research report on Thursday, June 2nd. They issued a "market perform" rating and a $10.00 price target for the company. Cowen started coverage on shares of Starry Group in a research report on Friday, June 17th. They issued a "buy" rating and a $9.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Starry Group from $8.00 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, August 10th. Cowen reduced their price target on shares of Starry Group to $8.00 in a research report on Monday, August 15th. Finally, Moffett Nathanson reduced their price target on shares of Starry Group to $6.50 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Starry Group currently has a consensus rating of "Hold" and a consensus price target of $8.14.
About Starry Group
(Get Rating)
Starry Group Holdings, Inc operates as a next generation licensed fixed wireless technology developer and internet service provider. The company is deploying gigabit capable broadband to the home using its hybrid fiber fixed wireless technology. It serves approximately 5.3 million households through deploying its gigabit network in six U.S.
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