Cerity Partners LLC Takes $262,000 Position in Star Holdings (NASDAQ:STHO)

Cerity Partners LLC acquired a new stake in shares of Star Holdings (NASDAQ:STHO) in the 4th quarter, HoldingsChannel reports. The fund acquired 17,499 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Star during the fourth quarter valued at about $105,000. Saba Capital Management L.P. increased its position in shares of Star by 263.8% during the third quarter. Saba Capital Management L.P. now owns 559,321 shares of the company’s stock valued at $7,003,000 after buying an additional 405,584 shares during the period. Newtyn Management LLC increased its position in shares of Star by 0.6% during the third quarter. Newtyn Management LLC now owns 326,472 shares of the company’s stock valued at $4,087,000 after buying an additional 2,000 shares during the period. Cowen Investment Management LLC increased its position in shares of Star by 53.5% during the third quarter. Cowen Investment Management LLC now owns 1,012,867 shares of the company’s stock valued at $12,681,000 after buying an additional 353,078 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Star by 272.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,296 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the period. 89.31% of the stock is owned by institutional investors.

Star Price Performance

Shares of NASDAQ STHO opened at $11.72 on Monday. Star Holdings has a 1 year low of $10.76 and a 1 year high of $17.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 9.14 and a quick ratio of 9.14. The company’s 50-day moving average is $12.23 and its 200 day moving average is $12.50. The stock has a market capitalization of $156.11 million and a P/E ratio of -0.80.

Star (NASDAQ:STHO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $4.96 earnings per share (EPS) for the quarter. Star had a negative net margin of 159.60% and a negative return on equity of 45.31%. The company had revenue of $37.22 million for the quarter.

Insider Activity at Star

In other Star news, major shareholder Cowen Inc. acquired 9,307 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $12.01 per share, for a total transaction of $111,777.07. Following the completion of the acquisition, the insider now owns 987,299 shares in the company, valued at $11,857,460.99. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 30,253 shares of company stock worth $366,729 over the last 90 days.

Star 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.