Arrowstreet Capital Limited Partnership Grows Stake in Star Holdings (NASDAQ:STHO)

Arrowstreet Capital Limited Partnership boosted its position in shares of Star Holdings (NASDAQ:STHO) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,614 shares of the company’s stock after acquiring an additional 9,704 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.35% of Star worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STHO. Highbridge Capital Management LLC increased its position in shares of Star by 15.6% during the 4th quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company’s stock valued at $8,433,000 after purchasing an additional 116,710 shares during the last quarter. Norges Bank purchased a new stake in Star during the fourth quarter valued at approximately $189,000. JPMorgan Chase & Co. raised its position in Star by 102.0% in the fourth quarter. JPMorgan Chase & Co. now owns 45,688 shares of the company’s stock worth $445,000 after acquiring an additional 23,075 shares during the period. Tilson Financial Group Inc. purchased a new position in shares of Star during the 4th quarter worth $132,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Star by 298.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock valued at $43,000 after acquiring an additional 3,335 shares during the period. Institutional investors own 89.31% of the company’s stock.

Star Price Performance

Shares of Star stock opened at $6.53 on Monday. The stock has a market cap of $86.98 million, a P/E ratio of -1.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24. The stock’s fifty day moving average is $8.28 and its 200 day moving average is $10.02. Star Holdings has a one year low of $6.09 and a one year high of $14.50.

Star (NASDAQ:STHO) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($7.70) earnings per share for the quarter. The company had revenue of $32.76 million for the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%.

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.