Nuveen LLC Buys Shares of 47,996 Star Holdings $STHO

Nuveen LLC acquired a new position in Star Holdings (NASDAQ:STHO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,996 shares of the company’s stock, valued at approximately $408,000. Nuveen LLC owned approximately 0.36% of Star at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in Star by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock valued at $92,000 after acquiring an additional 1,494 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Star by 196.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock valued at $26,000 after acquiring an additional 1,761 shares during the period. Barclays PLC increased its stake in shares of Star by 14.4% in the fourth quarter. Barclays PLC now owns 19,839 shares of the company’s stock worth $194,000 after buying an additional 2,498 shares during the period. Northern Trust Corp increased its stake in shares of Star by 4.7% in the fourth quarter. Northern Trust Corp now owns 111,810 shares of the company’s stock worth $1,088,000 after buying an additional 5,020 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Star by 63.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 23,639 shares of the company’s stock worth $230,000 after buying an additional 9,178 shares during the period. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 Trading Up 1.3%

NASDAQ STHO opened at $8.58 on Friday. Star Holdings has a fifty-two week low of $6.05 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.21 and a current ratio of 6.21. The stock has a 50 day simple moving average of $7.92 and a two-hundred day simple moving average of $7.60. The stock has a market cap of $114.03 million, a P/E ratio of -1.99 and a beta of 1.33.

Star (NASDAQ:STHO) last announced its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter. Star had a negative return on equity of 32.44% and a negative net margin of 50.51%.The firm had revenue of $42.05 million during the quarter.

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.