Star Holdings $STHO Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Star Holdings (NASDAQ:STHO) by 148.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,780 shares of the company’s stock after purchasing an additional 55,965 shares during the quarter. Renaissance Technologies LLC owned approximately 0.78% of Star worth $710,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock valued at $125,000 after buying an additional 1,616 shares during the period. TCW Group Inc. raised its position in shares of Star by 0.3% in the fourth quarter. TCW Group Inc. now owns 608,413 shares of the company’s stock worth $5,007,000 after acquiring an additional 2,000 shares during the period. Cerity Partners LLC raised its position in shares of Star by 13.0% in the second quarter. Cerity Partners LLC now owns 21,072 shares of the company’s stock worth $165,000 after acquiring an additional 2,426 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Star by 226.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after acquiring an additional 3,612 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Star during the 2nd quarter worth about $79,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STHO has been the subject of several recent analyst reports. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Star from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Star Price Performance

Shares of NASDAQ STHO opened at $9.80 on Monday. The firm has a market cap of $118.38 million, a PE ratio of 8.10 and a beta of 1.21. The firm has a fifty day moving average of $9.22 and a 200 day moving average of $8.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 18.87 and a current ratio of 18.87. Star Holdings has a one year low of $7.01 and a one year high of $9.83.

Star (NASDAQ:STHO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $19.36 million for the quarter. Star had a negative return on equity of 0.90% and a net margin of 14.77%.

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.