Toronto Dominion Bank bought a new stake in shares of Star Holdings (NASDAQ:STHO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,299,902 shares of the company's stock, valued at approximately $12,648,000. Toronto Dominion Bank owned 9.76% of Star as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. TCW Group Inc. lifted its position in Star by 14.2% during the fourth quarter. TCW Group Inc. now owns 441,226 shares of the company's stock worth $4,293,000 after purchasing an additional 54,976 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Star in the 4th quarter valued at approximately $516,000. JPMorgan Chase & Co. lifted its holdings in shares of Star by 123.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,613 shares of the company's stock worth $313,000 after acquiring an additional 12,502 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Star by 26.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 46,614 shares of the company's stock worth $454,000 after acquiring an additional 9,704 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Star by 725.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company's stock valued at $54,000 after acquiring an additional 4,888 shares during the last quarter. 89.31% of the stock is owned by institutional investors and hedge funds.
Star Price Performance
Shares of STHO stock traded down $0.14 on Friday, hitting $6.08. 75,802 shares of the company's stock were exchanged, compared to its average volume of 69,190. The company has a 50 day moving average of $6.96 and a 200 day moving average of $8.74. The stock has a market cap of $80.99 million, a P/E ratio of -0.93 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. Star Holdings has a 12 month low of $6.07 and a 12 month high of $14.50.
Star (NASDAQ:STHO - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.81) EPS for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%. The company had revenue of $14.62 million during the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Star from a "strong sell" rating to a "hold" rating in a research note on Thursday.
Read Our Latest Report on STHO
Star Company Profile
(
Free Report)
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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