NewEdge Wealth LLC Has $1.29 Million Stock Position in Star Holdings $STHO

NewEdge Wealth LLC grew its holdings in shares of Star Holdings (NASDAQ:STHO) by 427.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,821 shares of the company’s stock after purchasing an additional 127,088 shares during the quarter. NewEdge Wealth LLC owned about 1.23% of Star worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its position in Star by 289.6% during the second quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock worth $781,000 after buying an additional 74,287 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Star by 507.1% in the 2nd quarter. Quantinno Capital Management LP now owns 88,778 shares of the company’s stock valued at $693,000 after acquiring an additional 74,154 shares in the last quarter. Rangeley Capital LLC lifted its holdings in Star by 33.3% in the 2nd quarter. Rangeley Capital LLC now owns 172,000 shares of the company’s stock worth $1,343,000 after purchasing an additional 43,000 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Star in the 3rd quarter worth approximately $248,000. Finally, Vanguard Group Inc. boosted its position in Star by 4.7% during the third quarter. Vanguard Group Inc. now owns 605,526 shares of the company’s stock worth $4,983,000 after purchasing an additional 27,033 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.

Star Price Performance

NASDAQ STHO opened at $8.64 on Thursday. Star Holdings has a twelve month low of $6.05 and a twelve month high of $9.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 7.84 and a current ratio of 8.54. The stock has a market capitalization of $104.37 million, a PE ratio of -1.67 and a beta of 1.27. The stock has a 50-day simple moving average of $8.22 and a 200 day simple moving average of $8.05.

Star (NASDAQ:STHO) last released its earnings results on Friday, May 8th. The company reported ($0.85) earnings per share (EPS) for the quarter. Star had a negative net margin of 57.45% and a positive return on equity of 1.18%. The business had revenue of $20.94 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Star from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.