American Century Companies Inc. Boosts Stake in Star Holdings (NASDAQ:STHO)

American Century Companies Inc. increased its holdings in shares of Star Holdings (NASDAQ:STHO) by 16.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,496 shares of the company’s stock after acquiring an additional 1,921 shares during the period. American Century Companies Inc. owned approximately 0.10% of Star worth $163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Financial Services LTD. acquired a new position in Star during the first quarter worth $245,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Star during the first quarter worth about $456,000. Corsair Capital Management L.P. acquired a new position in shares of Star during the 4th quarter worth about $824,000. Acuitas Investments LLC purchased a new position in Star in the 2nd quarter valued at about $1,185,000. Finally, Orchard Capital Management LLC acquired a new stake in Star in the 4th quarter worth about $2,786,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Price Performance

NASDAQ:STHO opened at $13.00 on Friday. The stock has a 50 day moving average of $13.25 and a two-hundred day moving average of $12.75. Star Holdings has a 12 month low of $10.76 and a 12 month high of $15.31. The firm has a market cap of $173.16 million, a P/E ratio of -1.12 and a beta of 1.47. The company has a current ratio of 7.26, a quick ratio of 7.26 and a debt-to-equity ratio of 0.55.

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

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.