Trexquant Investment LP Acquires New Shares in Star Holdings $STHO

Key Points

• Trexquant Investment LP purchased 28,830 shares of Star Holdings (NASDAQ:STHO) for approximately $245,000, marking a new investment position in the company.
• Institutional investors hold 89.31% of Star Holdings, with notable recent moves including Toronto Dominion Bank's purchase of a $12.65 million position and Peapod Lane Capital LLC's 107.2% increase in holdings.
• Wall Street analysts have revised their rating on Star Holdings from "strong sell" to "hold," suggesting a potential stabilization in the company's market performance.

Trexquant Investment LP acquired a new position in shares of Star Holdings (NASDAQ:STHO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,830 shares of the company's stock, valued at approximately $245,000. Trexquant Investment LP owned 0.22% of Star at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Star by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,413 shares of the company's stock worth $92,000 after buying an additional 1,494 shares during the period. Tower Research Capital LLC TRC increased its position in Star by 196.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company's stock worth $26,000 after buying an additional 1,761 shares during the period. Barclays PLC increased its position in Star by 14.4% during the 4th quarter. Barclays PLC now owns 19,839 shares of the company's stock worth $194,000 after buying an additional 2,498 shares during the period. Northern Trust Corp increased its position in Star by 4.7% during the 4th quarter. Northern Trust Corp now owns 111,810 shares of the company's stock worth $1,088,000 after buying an additional 5,020 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Star by 63.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 23,639 shares of the company's stock worth $230,000 after buying an additional 9,178 shares during the period. Institutional investors own 89.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Star from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Star Price Performance

Shares of NASDAQ STHO traded up $0.03 during mid-day trading on Monday, reaching $8.88. The company had a trading volume of 28,794 shares, compared to its average volume of 42,247. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.21 and a current ratio of 6.21. Star Holdings has a one year low of $6.05 and a one year high of $14.50. The firm has a market cap of $118.02 million, a price-to-earnings ratio of -2.06 and a beta of 1.33. The business's 50-day simple moving average is $8.05 and its 200 day simple moving average is $7.57.

Star (NASDAQ:STHO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.26 EPS for the quarter. Star had a negative return on equity of 32.44% and a negative net margin of 50.51%.The company had revenue of $42.05 million for the quarter.

Star Company 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.