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

Arrowstreet Capital Limited Partnership raised its position in shares of Star Holdings (NASDAQ:STHO) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,614 shares of the company’s stock after purchasing an additional 9,704 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Star were worth $454,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Star by 81.1% in the third quarter. FMR LLC now owns 7,386 shares of the company’s stock worth $102,000 after purchasing an additional 3,308 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Star by 14.2% in the 4th quarter. TCW Group Inc. now owns 441,226 shares of the company’s stock worth $4,293,000 after buying an additional 54,976 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Star by 123.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,613 shares of the company’s stock valued at $313,000 after buying an additional 12,502 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Star by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,394 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,715 shares during the last quarter. Finally, Barclays PLC grew its position in Star by 262.7% in the third quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after acquiring an additional 12,560 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.

Star Trading Up 1.9 %

Shares of STHO stock opened at $6.53 on Monday. The company has a market cap of $86.98 million, a PE ratio of -1.00 and a beta of 1.13. Star Holdings has a 1 year low of $6.09 and a 1 year high of $14.50. The stock’s 50 day simple moving average is $8.28 and its two-hundred day simple moving average is $10.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23.

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