Trexquant Investment LP Makes New $245,000 Investment 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 purchased a new stake in shares of Star Holdings (NASDAQ:STHO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,830 shares of the company's stock, valued at approximately $245,000. Trexquant Investment LP owned approximately 0.22% of Star at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank purchased a new stake in shares of Star during the 4th quarter valued at approximately $12,648,000. Saba Capital Management L.P. lifted its stake in shares of Star by 24.9% during the 4th quarter. Saba Capital Management L.P. now owns 1,022,198 shares of the company's stock valued at $9,946,000 after buying an additional 204,030 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Star by 16.5% during the 1st quarter. TCW Group Inc. now owns 514,139 shares of the company's stock valued at $4,375,000 after buying an additional 72,913 shares in the last quarter. Peapod Lane Capital LLC lifted its stake in shares of Star by 107.2% during the 1st quarter. Peapod Lane Capital LLC now owns 302,239 shares of the company's stock valued at $2,572,000 after buying an additional 156,393 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Star by 4.7% in the 4th quarter. Northern Trust Corp now owns 111,810 shares of the company's stock worth $1,088,000 after purchasing an additional 5,020 shares in the last quarter. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Star Trading Up 1.4%

Shares of STHO stock traded up $0.13 on Monday, hitting $8.98. 1,219 shares of the company's stock traded hands, compared to its average volume of 91,911. 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 company's fifty day simple moving average is $8.03 and its 200 day simple moving average is $7.57. The stock has a market capitalization of $119.28 million, a price-to-earnings ratio of -2.08 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

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

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.