Marquette Asset Management LLC Takes $523,000 Position in Star Holdings $STHO

Marquette Asset Management LLC acquired a new stake in shares of Star Holdings (NASDAQ:STHO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,253 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in STHO. NewEdge Wealth LLC lifted its stake in Star by 427.4% during the fourth quarter. NewEdge Wealth LLC now owns 156,821 shares of the company’s stock valued at $1,291,000 after purchasing an additional 127,088 shares during the last quarter. Rangeley Capital LLC grew its position in Star by 46.5% in the first quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock worth $2,075,000 after buying an additional 86,972 shares during the last quarter. Jump Financial LLC bought a new position in shares of Star in the second quarter valued at $184,000. Cerity Partners LLC increased its holdings in shares of Star by 13.0% in the second quarter. Cerity Partners LLC now owns 21,072 shares of the company’s stock valued at $165,000 after buying an additional 2,426 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Star in the fourth quarter valued at $160,000. 89.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STHO shares. Wall Street Zen raised Star from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Star in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Star presently has an average rating of “Sell”.

Star Trading Down 2.1%

NASDAQ STHO opened at $9.44 on Tuesday. The firm’s 50 day moving average price is $9.16 and its two-hundred day moving average price is $8.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.54 and a current ratio of 8.54. Star Holdings has a twelve month low of $7.01 and a twelve month high of $9.78. The stock has a market cap of $114.04 million, a price-to-earnings ratio of 7.80 and a beta of 1.21.

Star (NASDAQ:STHO) last released its earnings results on Friday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $19.36 million during the quarter. Star had a net margin of 14.77% and a negative return on equity of 0.91%.

Star Company 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.