Capstar Financial Holdings Inc. (CSTR) Position Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,586 shares of the bank’s stock after selling 11,145 shares during the period. Russell Investments Group Ltd. owned approximately 0.34% of Capstar Financial Holdings worth $685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Capstar Financial Holdings by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 183,206 shares of the bank’s stock valued at $3,494,000 after buying an additional 1,849 shares during the last quarter. Wells Fargo & Company MN purchased a new position in shares of Capstar Financial Holdings in the 1st quarter valued at $135,000. Goldman Sachs Group Inc. purchased a new position in shares of Capstar Financial Holdings in the 1st quarter valued at $529,000. Shayne & CO. LLC purchased a new position in shares of Capstar Financial Holdings in the 2nd quarter valued at $355,000. Finally, Elizabeth Park Capital Advisors Ltd. grew its position in shares of Capstar Financial Holdings by 88.3% in the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 207,472 shares of the bank’s stock valued at $3,957,000 after buying an additional 97,272 shares during the last quarter. 35.44% of the stock is currently owned by hedge funds and other institutional investors.

In other Capstar Financial Holdings news, insider Christopher G. Tietz bought 2,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $17.00 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the insider now directly owns 5,100 shares in the company, valued at $86,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dale W. Polley bought 3,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $16.99 per share, with a total value of $50,970.00. Following the purchase, the director now owns 5,704 shares of the company’s stock, valued at $96,910.96. The disclosure for this purchase can be found here. 19.28% of the stock is owned by insiders.

CSTR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Capstar Financial Holdings from a “sell” rating to a “hold” rating in a research report on Friday, May 26th. Sandler O’Neill downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Tuesday, August 1st. Stephens set a $17.00 price objective on shares of Capstar Financial Holdings and gave the stock a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Capstar Financial Holdings has an average rating of “Hold” and an average price target of $19.20.

Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) traded down 3.97% on Friday, reaching $17.18. 158,656 shares of the company’s stock traded hands. Capstar Financial Holdings Inc. has a 52 week low of $15.50 and a 52 week high of $22.35. The company has a 50 day moving average of $17.86 and a 200-day moving average of $18.68. The stock has a market capitalization of $193.12 million and a PE ratio of 97.06.

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Capstar Financial Holdings 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.

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

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