Nuveen LLC Buys Shares of 47,996 Star Holdings $STHO

Key Points

• Nuveen LLC has acquired a position in Star Holdings (NASDAQ:STHO) by purchasing 47,996 shares valued at approximately $408,000, representing 0.36% of the company's stock.
• Other institutional investors have also increased their stakes in Star, with Wells Fargo's holdings growing by 18.9% and D.E. Shaw boosting its stake by 63.5% during the fourth quarter.
• Star Holdings recently received an upgrade from Wall Street Zen, moving from a "strong sell" to a "hold" rating, reflecting a shift in analyst sentiment towards the stock.

Nuveen LLC purchased a new position in shares of Star Holdings (NASDAQ:STHO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,996 shares of the company's stock, valued at approximately $408,000. Nuveen LLC owned about 0.36% of Star as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of STHO. Tower Research Capital LLC TRC lifted its stake in shares of 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 acquiring an additional 1,761 shares during the last quarter. Wells Fargo & Company MN raised 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 valued at $92,000 after purchasing an additional 1,494 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Star during the 4th quarter valued at $99,000. Barclays PLC raised its position in Star by 14.4% during the 4th quarter. Barclays PLC now owns 19,839 shares of the company's stock valued at $194,000 after purchasing an additional 2,498 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised 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 valued at $230,000 after purchasing an additional 9,178 shares in the last quarter. 89.31% of the stock is owned by institutional investors.

Star Stock Up 1.6%

NASDAQ STHO traded up $0.14 on Friday, reaching $8.72. 44,591 shares of the stock traded hands, compared to its average volume of 47,790. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.21 and a current ratio of 6.21. The company has a fifty day moving average price of $7.94 and a 200-day moving average price of $7.59. The company has a market cap of $115.89 million, a price-to-earnings ratio of -2.02 and a beta of 1.33. Star Holdings has a 12 month low of $6.05 and a 12 month high of $14.50.

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

Analysts Set New Price Targets

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

About Star

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.