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

Highbridge Capital Management LLC grew its holdings in shares of Star Holdings (NASDAQ:STHO) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 866,710 shares of the company’s stock after purchasing an additional 116,710 shares during the quarter. Highbridge Capital Management LLC owned approximately 6.51% of Star worth $8,433,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in STHO. Norges Bank purchased a new position in shares of Star during the 4th quarter worth about $189,000. JPMorgan Chase & Co. increased its position in Star by 102.0% during the fourth quarter. JPMorgan Chase & Co. now owns 45,688 shares of the company’s stock worth $445,000 after purchasing an additional 23,075 shares during the last quarter. Tilson Financial Group Inc. purchased a new position in Star during the fourth quarter worth approximately $132,000. PNC Financial Services Group Inc. boosted its holdings in shares of Star by 298.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock valued at $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 $1,177,000. Institutional investors and hedge funds own 89.31% of the company’s stock.

Star Trading Up 2.1 %

STHO stock opened at $8.29 on Friday. Star Holdings has a 52 week low of $7.96 and a 52 week high of $14.50. The company has a market cap of $110.42 million, a price-to-earnings ratio of -1.27 and a beta of 1.20. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $10.62.

Star (NASDAQ:STHO) last released its quarterly earnings data 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 during 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.