Highbridge Capital Management LLC Increases Stock Position in Star Holdings (NASDAQ:STHO)

Highbridge Capital Management LLC increased its position in shares of Star Holdings (NASDAQ:STHO) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 866,710 shares of the company’s stock after buying an additional 116,710 shares during the period. Highbridge Capital Management LLC owned about 0.07% of Star worth $8,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STHO. Norges Bank acquired a new stake in shares of Star during the fourth quarter valued at about $189,000. JPMorgan Chase & Co. boosted its holdings in Star by 102.0% in the fourth quarter. JPMorgan Chase & Co. now owns 45,688 shares of the company’s stock valued at $445,000 after purchasing an additional 23,075 shares during the last quarter. Tilson Financial Group Inc. acquired a new stake in Star during the 4th quarter valued at approximately $132,000. PNC Financial Services Group Inc. increased its holdings in Star by 298.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock worth $43,000 after purchasing an additional 3,335 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of Star in the 4th quarter valued at approximately $1,177,000. Institutional investors and hedge funds own 89.31% of the company’s stock.

Star Price Performance

Shares of STHO stock opened at $8.29 on Friday. The firm has a fifty day moving average of $8.70 and a two-hundred day moving average of $10.62. The firm has a market cap of $110.42 million, a P/E ratio of -1.27 and a beta of 1.20. Star Holdings has a 1-year low of $7.96 and a 1-year high of $14.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23.

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

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.