Aristeia Capital L.L.C. Takes $363,000 Position in Star Holdings $STHO

Key Points

• Aristeia Capital L.L.C. has acquired 42,651 shares of Star Holdings (NASDAQ:STHO), valued at approximately $363,000, representing 0.32% ownership in the company.
• Wall Street analysts recently upgraded Star Holdings from a "strong sell" to a "hold" rating, indicating a shift in sentiment towards the stock.
• The company reported a revenue of $42.05 million during its latest quarterly earnings, with earnings per share (EPS) of $0.26 despite facing a negative net margin of 50.51%.

Aristeia Capital L.L.C. purchased a new stake in shares of Star Holdings (NASDAQ:STHO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 42,651 shares of the company's stock, valued at approximately $363,000. Aristeia Capital L.L.C. owned 0.32% of Star as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in Star during the 4th quarter valued at $12,648,000. Saba Capital Management L.P. boosted its position in 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 during the period. TCW Group Inc. boosted its position in 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 during the period. Peapod Lane Capital LLC boosted its position in 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 during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Star by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,552 shares of the company's stock worth $1,468,000 after purchasing an additional 23,931 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company's stock.

Wall Street Analyst Weigh In

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

Star Stock Down 0.9%

NASDAQ STHO traded down $0.08 during trading hours on Friday, reaching $8.85. 39,982 shares of the company's stock traded hands, compared to its average volume of 41,766. Star Holdings has a 52-week low of $6.05 and a 52-week high of $14.50. The firm has a market cap of $117.62 million, a PE ratio of -2.05 and a beta of 1.33. The firm has a 50-day simple moving average of $8.03 and a 200 day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.21 and a quick ratio of 6.21.

Star (NASDAQ:STHO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter. The company 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%.

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.