Star Holdings (NASDAQ:STHO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Star Holdings (NASDAQ:STHOFree Report) by 123.6% during the 3rd quarter, Holdings Channel reports. The fund owned 22,613 shares of the company’s stock after acquiring an additional 12,502 shares during the quarter. JPMorgan Chase & Co.’s holdings in Star were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. TCW Group Inc. grew its stake in shares of Star by 15.1% in the third quarter. TCW Group Inc. now owns 386,250 shares of the company’s stock worth $5,346,000 after purchasing an additional 50,800 shares in the last quarter. Quadrature Capital Ltd bought a new position in Star in the 3rd quarter valued at about $243,000. AQR Capital Management LLC acquired a new position in Star during the 2nd quarter valued at about $162,000. Angeles Wealth Management LLC bought a new stake in shares of Star during the 3rd quarter worth about $183,000. Finally, Barclays PLC lifted its stake in shares of Star by 262.7% in the 3rd quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after acquiring an additional 12,560 shares during the period. Institutional investors own 89.31% of the company’s stock.

Star Price Performance

NASDAQ STHO opened at $8.90 on Friday. Star Holdings has a 12 month low of $8.26 and a 12 month high of $14.50. The firm has a market capitalization of $118.55 million, a PE ratio of 1.45 and a beta of 1.35. The company’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $11.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 9.23 and a quick ratio of 9.23.

Star (NASDAQ:STHOGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $24.55 million for the quarter. Star had a net margin of 69.55% and a return on equity of 9.84%.

Star Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding STHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Star Holdings (NASDAQ:STHOFree Report).

Institutional Ownership by Quarter for Star (NASDAQ:STHO)

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