Rangeley Capital LLC acquired a new position in shares of Star Holdings (NASDAQ:STHO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 127,000 shares of the company's stock, valued at approximately $1,236,000. Star makes up approximately 1.1% of Rangeley Capital LLC's investment portfolio, making the stock its 25th largest position. Rangeley Capital LLC owned about 0.95% of Star as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of STHO. Highbridge Capital Management LLC raised its position in Star by 15.6% in the 4th quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company's stock valued at $8,433,000 after buying an additional 116,710 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Star by 14.2% in the fourth quarter. TCW Group Inc. now owns 441,226 shares of the company's stock valued at $4,293,000 after purchasing an additional 54,976 shares during the last quarter. State Street Corp lifted its position in shares of Star by 3.5% during the third quarter. State Street Corp now owns 274,005 shares of the company's stock valued at $3,792,000 after purchasing an additional 9,393 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in Star during the fourth quarter worth about $1,419,000. Finally, NewEdge Wealth LLC bought a new stake in Star in the 4th quarter worth about $1,177,000. 89.31% of the stock is owned by hedge funds and other institutional investors.
Star Stock Performance
Shares of Star stock traded up $0.06 during mid-day trading on Tuesday, hitting $6.92. 31,010 shares of the stock were exchanged, compared to its average volume of 59,676. The company has a 50-day simple moving average of $8.54 and a 200 day simple moving average of $10.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24. Star Holdings has a 12 month low of $6.85 and a 12 month high of $14.50. The company has a market capitalization of $92.17 million, a P/E ratio of -1.06 and a beta of 1.13.
Star (NASDAQ:STHO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share 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 Company Profile
(
Free Report)
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.
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