42,651 Shares in Star Holdings $STHO Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new position in Star Holdings (NASDAQ:STHO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,651 shares of the company’s stock, valued at approximately $363,000. Aristeia Capital L.L.C. owned 0.32% of Star at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Star by 196.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock worth $26,000 after acquiring an additional 1,761 shares during the period. Wells Fargo & Company MN grew its position in Star by 18.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock worth $92,000 after purchasing an additional 1,494 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Star in the 4th quarter worth $99,000. AQR Capital Management LLC acquired a new stake in Star in the 1st quarter worth $96,000. Finally, Barclays PLC grew its position in Star by 14.4% in the 4th quarter. Barclays PLC now owns 19,839 shares of the company’s stock worth $194,000 after purchasing an additional 2,498 shares during the last quarter. Institutional investors own 89.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Star Stock Performance

NASDAQ STHO opened at $8.72 on Monday. The stock has a market cap of $115.89 million, a P/E ratio of -2.02 and a beta of 1.33. The company’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $7.58. Star Holdings has a twelve month low of $6.05 and a twelve month high of $14.50. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 0.83.

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

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.