Bluefin Capital Management LLC Invests $2.72 Million in Star Holdings $STHO

Key Points

• Bluefin Capital Management LLC has purchased a new position in Star Holdings, investing approximately $2.72 million for 319,900 shares, making it the 11th largest holding in their portfolio.
• Star Holdings' stock price has seen a 0.8% increase, currently trading at $8.81, with a market cap of $117.08 million and a PE ratio of -2.04.
• Analysts have upgraded Star shares from a "strong sell" to a "hold" rating, reflecting a change in market sentiment towards the company.

Bluefin Capital Management LLC bought a new position in Star Holdings (NASDAQ:STHO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 319,900 shares of the company's stock, valued at approximately $2,722,000. Star makes up about 2.0% of Bluefin Capital Management LLC's portfolio, making the stock its 11th biggest holding. Bluefin Capital Management LLC owned about 2.40% of Star at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of Star by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company's stock valued at $92,000 after purchasing an additional 1,494 shares in the last quarter. Barclays PLC lifted its stake in Star by 14.4% in the fourth quarter. Barclays PLC now owns 19,839 shares of the company's stock worth $194,000 after acquiring an additional 2,498 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Star in the 4th quarter worth approximately $516,000. Tower Research Capital LLC TRC lifted its position in shares of Star by 196.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company's stock worth $26,000 after purchasing an additional 1,761 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Star by 4.7% during the fourth quarter. Northern Trust Corp now owns 111,810 shares of the company's stock valued at $1,088,000 after buying an additional 5,020 shares during the last quarter. 89.31% of the stock is owned by hedge funds and other institutional investors.

Star Stock Up 0.8%

NASDAQ STHO opened at $8.81 on Wednesday. Star Holdings has a 52 week low of $6.05 and a 52 week high of $14.50. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 0.83. The business's fifty day simple moving average is $7.97 and its 200-day simple moving average is $7.59. The firm has a market cap of $117.08 million, a PE ratio of -2.04 and a beta of 1.33.

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

Analysts Set New Price Targets

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 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.

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