Rhumbline Advisers Sells 955 Shares of Star Holdings (NASDAQ:STHO)

Rhumbline Advisers lowered its holdings in Star Holdings (NASDAQ:STHO) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,692 shares of the company’s stock after selling 955 shares during the period. Rhumbline Advisers’ holdings in Star were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STHO. Vanguard Group Inc. raised its stake in Star by 36.7% in the 1st quarter. Vanguard Group Inc. now owns 910,496 shares of the company’s stock valued at $11,764,000 after acquiring an additional 244,256 shares during the period. Orchard Capital Management LLC bought a new stake in shares of Star during the 4th quarter valued at about $2,786,000. Ursa Fund Management LLC increased its holdings in shares of Star by 28.4% in the 1st quarter. Ursa Fund Management LLC now owns 372,337 shares of the company’s stock worth $4,811,000 after buying an additional 82,337 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Star by 23.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 342,755 shares of the company’s stock worth $5,134,000 after purchasing an additional 64,569 shares during the last quarter. Finally, Corsair Capital Management L.P. bought a new position in Star during the fourth quarter valued at approximately $824,000. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Star Stock Performance

Star stock opened at $13.80 on Friday. The company has a quick ratio of 7.26, a current ratio of 7.26 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $13.21 and a two-hundred day simple moving average of $12.71. The company has a market capitalization of $183.82 million, a PE ratio of -1.19 and a beta of 1.47. Star Holdings has a twelve month low of $10.76 and a twelve month high of $15.31.

Star (NASDAQ:STHO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.71) earnings per share (EPS) for the quarter. Star had a negative net margin of 67.12% and a negative return on equity of 9.50%. The business had revenue of $30.55 million for the quarter.

About Star

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.