Squarepoint Ops LLC Invests $99,000 in Star Holdings (NASDAQ:STHO)

Squarepoint Ops LLC bought a new position in shares of Star Holdings (NASDAQ:STHO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,130 shares of the company’s stock, valued at approximately $99,000. Squarepoint Ops LLC owned approximately 0.08% of Star at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STHO. Tower Research Capital LLC TRC raised its stake in shares of Star by 196.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock worth $26,000 after buying an additional 1,761 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Star by 298.3% during the fourth 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Star by 725.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company’s stock worth $54,000 after buying an additional 4,888 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Star by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock worth $92,000 after buying an additional 1,494 shares during the last quarter. Finally, Tilson Financial Group Inc. bought a new stake in shares of Star during the fourth quarter worth approximately $132,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Star from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Star Stock Up 2.5%

Star stock opened at $7.48 on Tuesday. The stock has a market capitalization of $99.63 million, a PE ratio of -1.15 and a beta of 1.12. Star Holdings has a twelve month low of $6.06 and a twelve month high of $14.50. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $6.60 and a 200-day moving average of $8.29.

Star (NASDAQ:STHO) last announced its earnings results on Monday, May 12th. The company reported ($0.81) EPS for the quarter. The business had revenue of $14.62 million for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%.

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.