Highbridge Capital Management LLC Boosts Stock Holdings in Star Holdings $STHO

Highbridge Capital Management LLC lifted its holdings in Star Holdings (NASDAQ:STHO) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,216,864 shares of the company’s stock after purchasing an additional 66,129 shares during the period. Highbridge Capital Management LLC owned about 9.16% of Star worth $9,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in Star by 238.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after buying an additional 7,093 shares during the period. AQR Capital Management LLC bought a new stake in Star during the 1st quarter valued at $96,000. Jane Street Group LLC purchased a new position in shares of Star in the 1st quarter valued at $218,000. Trexquant Investment LP bought a new position in shares of Star in the 1st quarter worth $245,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Star during the 2nd quarter worth $260,000. 89.31% of the stock is currently owned by institutional investors.

Star Price Performance

NASDAQ STHO opened at $7.26 on Friday. The firm’s fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $7.66. The firm has a market capitalization of $92.49 million, a P/E ratio of -0.66 and a beta of 1.29. The company has a current ratio of 7.09, a quick ratio of 7.09 and a debt-to-equity ratio of 0.88. Star Holdings has a 12-month low of $6.05 and a 12-month high of $11.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.