Latest News for Star Equity Hldgs Stock (NASDAQ:STRRP)

Star Equity Holdings Inc is a multi-industry diversified holding company with two segments: The construction segment manufactures modular housing units for commercial and residential applications. It operates in two businesses: modular building manufacturing and structural wall panel and wood foundation manufacturing, including building supply retail operations, and The investments segment holds corporate-owned real estate, which currently includes two manufacturing facilities in Maine that it leases back to KBS and manufacturing facility. The company derives maximum revenue from Construction Segment.

Star Equity Holdings, Inc. - Series A Cumulative Perpetual Preferred Stock

Star Equity Holdings Inc

Cantor Fitzgerald analyst Sarah James reiterates Amedisys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMED#NASDAQ">AMED</a>) with a Neutral and maintains $101 price target.

News

Price Target

Reiteration

Analyst Ratings

AMED

Cantor Fitzgerald Reiterates Neutral on Amedisys, Maintains $101 Price Target

Management

Whirlpool In Q1 Earnings Report Said "In March 2024, The Co Committed To Workforce Reduction Plans. $23M Was Recorded During Q1 Of Which $14M Was Employee Termination Costs And $9M Was Other Associated Exit Costs. For FY24, We Expect To Incur ~$50M Of Restructuring Charges"

Evercore ISI Group analyst Stephen Kim maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a In-Line and raises the price target from $154 to $172.

Evercore ISI Group Maintains In-Line on Owens-Corning, Raises Price Target to $172

Caterpillar Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) reported a&nbsp;first-quarter fiscal 2024&nbsp;revenue of $15.8 billion, a slight decrease of 0.4% year-over-year,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38425106/caterpillar-reports-first-quarter-2024-results" rel="noreferrer noopener">missing the consensus of $16.216 billion.&nbsp;</a>
CAT&#8217;s adjusted earnings of $5.60 per share, compared to $4.91 a year ago, <a href="https://www.benzinga.com/calendars/earnings">topped the consensus of $5.14.</a>
Sales dropped due to reduced equipment sales, somewhat mitigated by favorable pricing and increased Financial Products&#8217; revenues; adverse currency impacts, mainly from the Australian dollar, also affected overall sales.
Adjusted operating profit margin was 22.2% for the quarter, compared with 21.1% for the first quarter of 2023.
Enterprise operating cash flow was $2.05 billion for the quarter, and the company ended the first quarter with $4.96 billion of enterprise cash.
Caterpillar deployed $4.5 billion of cash for repurchases of Caterpillar common stock and $0.6 billion&nbsp;of cash&nbsp;for dividends in the quarter.
Machinery, Energy &amp; Transportation segment revenue declined 0.9% Y/Y, with Construction Industries down 5%, Resource Industries down 7%, Energy &amp; Transportation&nbsp;up&nbsp;7%, and Other Segments down 2%.
Financial Products revenues increased by 10% Y/Y to $839 million.
2024 Outlook:&nbsp;Caterpillar anticipates sales and revenues&nbsp;to be&nbsp;broadly similar to 2023.
The company sees no significant change in machine dealer inventory by the end of 2024, as compared to a build in 2023.
CAT expects 2024 adjusted operating profit margin to be in the top half of the target range relative to the expected corresponding level of sales and revenues.
For the second quarter, Caterpillar expects sales to be lower than the prior year, price realization to remain favorable, and adjusted operating profit margin to <a href="https://www.benzinga.com/calendars/guidance">be similar to the prior year.</a>
Price Action: CAT shares are trading lower by 7.51% at $336.22 at the last check Thursday.
Photo via Shutterstock

Earnings

Equities

Guidance

Movers

Why Is Equipment Giant Caterpillar Stock Plunging Today?

U.S. stocks were lower, with the Dow Jones falling over 600 points on Thursday.
Shares of Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) rose sharply during Thursday's session following better-than-expected <a href="https://www.benzinga.com/general/biotech/24/04/38432249/drugmaker-sanofis-strong-dupixent-and-beyfortus-vaccine-sales-propel-q1-earnings">first-quarter earnings</a>.
Sanofi reported first-quarter operating income of 2.8 billion euros, down 14.7% Y/Y and 4.2% on constant currency. The French drugmaker reported adjusted EPS of 97 cents (1.78 euros), beating the consensus estimate of 94 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Sanofi shares climbed 5.5% to $49.15 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>P.A.M. Transportation Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTSI#NASDAQ">PTSI</a>) jumped 19.8% to $17.42 after the company announced a self-tender offer to purchase up to 550,000 shares at a price not less than $15.50-$18.00 per share.</li>
<li>Ultralife Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares jumped 16.6% to $10.19 after the company reported better-than-expected quarterly financial results.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) rose 16% to $140.21 after reporting better-than-expected first-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) climbed 11.5% to $15.13 following first-quarter results.</li>
<li>Strategic Education, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRA#NASDAQ">STRA</a>) shares gained 10% to $110.78 following upbeat results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 9.6% to $459.39 after the company reported better-than-expected first-quarter EPS and sales. Additionally, the company provided upbeat guidance for FY24.</li>
<li>TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) surged 8.9% to $74.83 after the company reported better-than-expected first-quarter financial results. The company also provided upbeat guidance for second quarter.</li>
<li>Community Health Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) rose 7.9% to $3.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Kirby Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) shares gained 7.6% to $108.69 following better-than-expected first-quarter results.</li>
<li>Core Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) climbed 7.6% to $17.78 following strong earnings.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) rose 6.8% to $17.61 after the company reported better-than-expected first-quarter financial results.</li>
<li>Sonic Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) shares gained 6.7% to $54.57 following upbeat earnings.</li>
<li>Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) surged 6.3% to $58.21 following first-quarter earnings.</li>
<li>AstraZeneca PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NYSE">AZN</a>) climbed 5.8% to $75.35 following a first-quarter revenue beat.</li>
<li>Teradyne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TER#NYSE">TER</a>) shares rose 5% to $105.71 after the company posted upbeat first-quarter results and issued strong second-quarter forecast.</li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) shares gained 4.4% to $242.28 after the company reported better-than-expected first-quarter results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38428592/how-to-earn-500-a-month-from-t-mobile-us-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report</a>

Intraday Update

Markets

CARR

PTSI

SNBR

STRA

ULBI

Sanofi Reports Strong Earnings, Joins Kirby, Sonic Automotive, Union Pacific And Other Big Stocks Moving Higher On Thursday

Macy's's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) short percent of float has fallen 10.47% since its last report. The company recently reported that it has 16.65 million shares sold short, which is 6.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Macy's Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Macy's has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Macy's's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Macy's's peer group average for short interest as a percentage of float is 9.07%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(M) - Analyzing Macy's's Short Interest

Philip Morris Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) short percent of float has risen 9.3% since its last report. The company recently reported that it has 7.33 million shares sold short, which is 0.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Philip Morris Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054518_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Philip Morris Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Philip Morris Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Philip Morris Intl's peer group average for short interest as a percentage of float is 9.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Philip Morris Intl?

Bit Digital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NYSE">BTBT</a>) short percent of float has risen 13.95% since its last report. The company recently reported that it has 18.13 million shares sold short, which is 15.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bit Digital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bit Digital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Bit Digital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bit Digital's peer group average for short interest as a percentage of float is 8.17%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BTBT

Looking Into Bit Digital's Recent Short Interest

Wells Fargo analyst Donald Fandetti maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Overweight and lowers the price target from $22 to $20.

BXMT

Wells Fargo Maintains Overweight on Blackstone Mortgage Trust, Lowers Price Target to $20

Cantor Fitzgerald analyst C J Muse reiterates Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Neutral and maintains $110 price target.

Cantor Fitzgerald Reiterates Neutral on Teradyne, Maintains $110 Price Target

Evercore ISI Group analyst Stephen Kim maintains Masco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) with a In-Line and lowers the price target from $75 to $74.

Evercore ISI Group Maintains In-Line on Masco, Lowers Price Target to $74

Global

Royal Caribbean Executive Says Co Returned To The China Market This Month

Macro Economic Events

Economics

Federal Reserve

U.S. Treasury's Yellen Says We Do Have To Have Sustainable Fiscal Path; With Biden's Proposed Deficit Cuts, Real Net Interest Costs Of Just Over 1% Of GDP, Which Is Manageable; We Have Enacted Some Deficit Reduction Despite Divisions In Congress

Wells Fargo analyst Colin Langan maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Equal-Weight and lowers the price target from $290 to $248.

Wells Fargo Maintains Equal-Weight on Lithia Motors, Lowers Price Target to $248

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Hamas Official Sami Abu Zuhri Says Hamas Will Not Be Swayed By U.S. Pressure On Issue Of Gaza Hostages

Cantor Fitzgerald analyst C J Muse reiterates Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Neutral and maintains $1100 price target.

LRCX

Cantor Fitzgerald Reiterates Neutral on Lam Research, Maintains $1100 Price Target

Whirlpool Says Currently Evaluating Certain Follow-On Restructuring Actions For The Remainder Of 2024

A California-based extraction and manufacturing cannabis company, LEEF Brands, Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/LEEF#CSE">LEEF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LEEEF#OTC">LEEEF</a>) announced Wednesday an ambassador partnership with NBA All-Star Rudy Gobert of the Minnesota Timberwolves, a role that will cast the him as a leading brand ambassador for the company's portfolio of wellness products.
Under this partnership, Gubert, aka The Stifle Tower, will help promote LEEF and its brands, which include LEEF Brands, LEEF Organics and Paleo Paw via social media and other mediums.
"We're&nbsp;excited to have Rudy on our team,"&nbsp;stated LEEF Brands CEO&nbsp;Micah Anderson.&nbsp;"Rudy is a winner in every sense — generous, competitive and respected, a role model for millions. We share similar values&nbsp;when it comes to&nbsp;product development, farming practices, and creating products aimed at assisting in recovery."
Last July the NBA and National Basketball Players Association (NBPA) presented new opportunities for players, by <a href="Lifts Marijuana Ban, Allows Players To Invest In Companies" target="_blank" rel="noreferrer noopener">lifting the marijuana ban and allowing players to invest in companies</a>. Thanks to this decision, NBA players are no longer facing penalties for cannabis use and are allowed to hold a stake in businesses that produce or sell CBD products. They can also passively invest in cannabis companies, provided their ownership remains below 50%. 
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/04/38367239/nba-legends-carmelo-anthony-udonis-haslem-ignite-cannabis-industry-with-new-ventures-launching-e" rel="noreferrer noopener">NBA Legends Carmelo&nbsp;Anthony,&nbsp;and&nbsp;Udonis Haslem Ignite Cannabis Industry With New Ventures, Launching Exclusive Agency And Strain</a>
<h2 class="wp-block-heading">Rudy's&nbsp;Kids Foundation</h2>
The partnership will also benefit Rudy&#8217;s Kids Foundation, a leading children's charity started and championed by the three-time NBA Defensive Player of the Year. Under the terms of the deal, LEEF and Rudy's Kids Foundation will participate in an annual coordinated campaign with half of the profits realized from the campaign going to the charity which seeks to identify, partner with and support outstanding charities that directly impact the lives of youth through their generous contributions of time, skill and commitment. Rudy's Kids aims to raise awareness for these organizations through a variety of programs in education, recreation, community health and community outreach.
The news of this partnership comes on the heels of LEEF&nbsp;Brands's&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/04/38314494/cannabis-extractor-leef-brands-sees-stronger-margins-and-ebitda-in-q1-ceo-explains-why" rel="noreferrer noopener">strong first-quarter&nbsp;financial results.&nbsp;</a>
<h2 class="wp-block-heading">Price Action</h2>
Leef Brands&nbsp;shares&nbsp;closed Wednesday market session 2.55% higher at $0.019 per share.&nbsp;
Photo: Courtesy of Victor Velter via Shutterstock

Cannabis

CSE:LEEF

LEEEF

NBA All-Star Rudy Gobert Becomes Brand Ambassador For Cannabis Company LEEF Brands, Supporting Children's Charity

Evercore ISI Group analyst Jonathan Chappell maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a In-Line and lowers the price target from $60 to $55.

Evercore ISI Group Maintains In-Line on Knight-Swift, Lowers Price Target to $55

U.S. Treasury's Yellen Says Dollar Has Been Strong, There Are Divergences With Other Countries; My Position Has Been That Currency Intervention Is Acceptable Only In Very Rare And Exceptional Circumstances

Star Equity Holdings, Inc. (STRR) Q1 2023 Earnings Call Transcript

Star Equity Holdings Inc - 10% PRF PERPETUAL USD 10 - Ser A declares $0.25 dividend

Star Equity Holdings, Inc. (STRR) Q2 2023 Earnings Call Transcript

Star Equity Holdings, Inc. (STRR) Q3 2023 Earnings Call Transcript

Star Equity Holdings, Inc. (STRR) Q4 2023 Earnings Call Transcript

STRR

STRRP

Press Releases

General

KBS Builders Wins $1.9 Million Initial Contract for a Multi-Phase Affordable Housing Project in Maine

Star Equity Holdings Announces Acquisition of Big Lake Lumber

Star Equity Holdings, Inc. Announces 2023 Third Quarter Financial Results

Dividends

Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

Contracts

KBS Builders Wins $2 Million Contract for Nantucket Workforce Housing Project

Star Equity Holdings Announces $5.9 Million Sale-Leaseback Transaction

Star Equity Holdings to Release Fourth Quarter 2023 Financial Results on March 22nd

Star Equity Holdings, Inc. Announces 2023 Fourth Quarter and Full Year Financial Results

Financing

Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank

Addus HomeCare Corporation - Common Stock

Addus HomeCare

Agilon Health

Agiliti

Amedisys

AMN Healthcare Services

Astrana Health

BrightSpring Health Services, Inc. - Common Stock

BrightSpring Health

Chemed

Cigna Group

CorVel

CVS Health

Quest Diagnostics Incorporated Common Stock

Quest Diagnostics

DaVita

Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share)

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Latest News for Star Equity Hldgs Stock (NASDAQ:STRRP)

Thursday, February 09, 2023

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