NewEdge Wealth LLC Has $1.29 Million Stock Position in Star Holdings $STHO

NewEdge Wealth LLC lifted its position in Star Holdings (NASDAQ:STHO) by 427.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 156,821 shares of the company’s stock after acquiring an additional 127,088 shares during the period. NewEdge Wealth LLC’s holdings in Star were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Star by 38.9% during the 1st quarter. Royal Bank of Canada now owns 42,418 shares of the company’s stock valued at $361,000 after acquiring an additional 11,881 shares in the last quarter. AQR Capital Management LLC bought a new position in Star during the first quarter worth about $96,000. Goldman Sachs Group Inc. boosted its holdings in Star by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 172,552 shares of the company’s stock valued at $1,468,000 after purchasing an additional 23,931 shares in the last quarter. Jane Street Group LLC acquired a new stake in Star in the 1st quarter valued at $218,000. Finally, American Century Companies Inc. raised its stake in Star by 11.3% during the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock worth $125,000 after acquiring an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Star from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Star Stock Down 0.3%

NASDAQ STHO opened at $8.64 on Thursday. The stock’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $8.05. Star Holdings has a one year low of $6.05 and a one year high of $9.25. The firm has a market cap of $104.37 million, a PE ratio of -1.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.54 and a quick ratio of 7.84.

Star (NASDAQ:STHO) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.85) earnings per share (EPS) for the quarter. The business had revenue of $20.94 million during the quarter. Star had a negative net margin of 57.45% and a positive return on equity of 1.18%.

Star 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.