JPMorgan Chase & Co. Grows Position in Star Holdings (NASDAQ:STHO)

JPMorgan Chase & Co. raised its position in shares of Star Holdings (NASDAQ:STHO) by 102.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,688 shares of the company’s stock after acquiring an additional 23,075 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of Star worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Star by 298.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock worth $43,000 after buying an additional 3,335 shares in the last quarter. Barclays PLC lifted its holdings in shares of Star by 262.7% in the 3rd quarter. Barclays PLC now owns 17,341 shares of the company’s stock valued at $240,000 after acquiring an additional 12,560 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Star by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 49,409 shares of the company’s stock valued at $481,000 after acquiring an additional 13,570 shares during the last quarter. Tilson Financial Group Inc. purchased a new position in Star in the fourth quarter worth about $132,000. Finally, TCW Group Inc. increased its stake in Star by 14.2% during the fourth quarter. TCW Group Inc. now owns 441,226 shares of the company’s stock worth $4,293,000 after acquiring an additional 54,976 shares during the last quarter. 89.31% of the stock is owned by hedge funds and other institutional investors.

Star Trading Up 1.2 %

Shares of STHO stock opened at $6.82 on Friday. The company has a market cap of $90.84 million, a PE ratio of -1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. The stock’s 50 day simple moving average is $7.68 and its two-hundred day simple moving average is $9.41. Star Holdings has a 1 year low of $6.09 and a 1 year high of $14.50.

Star (NASDAQ:STHO) last released its quarterly earnings results 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%.

About Star

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.