Balyasny Asset Management L.P. Sells 2,416 Shares of Star Holdings (NASDAQ:STHO)

Balyasny Asset Management L.P. cut its holdings in Star Holdings (NASDAQ:STHO) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 315,670 shares of the company’s stock after selling 2,416 shares during the period. Balyasny Asset Management L.P.’s holdings in Star were worth $3,071,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Foursixthree Capital LP bought a new stake in shares of Star in the 4th quarter worth about $9,207,000. Highbridge Capital Management LLC boosted its stake in shares of Star by 15.6% during the 4th quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company’s stock worth $8,433,000 after purchasing an additional 116,710 shares during the period. TCW Group Inc. boosted its stake in shares of Star by 14.2% during the 4th quarter. TCW Group Inc. now owns 441,226 shares of the company’s stock worth $4,293,000 after purchasing an additional 54,976 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Star during the 4th quarter worth about $1,419,000. Finally, Rangeley Capital LLC purchased a new position in shares of Star during the 4th quarter worth about $1,236,000. 89.31% of the stock is currently owned by institutional investors.

Star Price Performance

STHO stock opened at $6.50 on Monday. Star Holdings has a 12 month low of $6.09 and a 12 month high of $14.50. The company has a current ratio of 7.24, a quick ratio of 9.23 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $7.37 and a 200 day moving average price of $9.08. The stock has a market cap of $86.58 million, a PE ratio of -1.00 and a beta of 1.23.

Star (NASDAQ:STHO) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($7.70) EPS for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%. The firm had revenue of $32.76 million for the quarter.

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.