Bank of New York Mellon Corp Boosts Holdings in Star Holdings (NASDAQ:STHO)

Bank of New York Mellon Corp lifted its position in shares of Star Holdings (NASDAQ:STHO) by 37.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,409 shares of the company’s stock after acquiring an additional 13,570 shares during the quarter. Bank of New York Mellon Corp’s holdings in Star were worth $481,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STHO. FMR LLC increased its position in shares of Star by 81.1% during the 3rd quarter. FMR LLC now owns 7,386 shares of the company’s stock worth $102,000 after purchasing an additional 3,308 shares during the last quarter. Barclays PLC boosted its stake in Star by 262.7% during the third quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after buying an additional 12,560 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Star during the third quarter valued at about $243,000. JPMorgan Chase & Co. raised its stake in shares of Star by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,613 shares of the company’s stock valued at $313,000 after acquiring an additional 12,502 shares during the period. Finally, Peapod Lane Capital LLC purchased a new stake in shares of Star in the 4th quarter valued at approximately $1,419,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Stock Performance

NASDAQ:STHO opened at $8.29 on Friday. Star Holdings has a fifty-two week low of $7.96 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24. The company has a 50 day moving average price of $8.70 and a 200 day moving average price of $10.62. The stock has a market capitalization of $110.42 million, a P/E ratio of -1.27 and a beta of 1.20.

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

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.