Toronto Dominion Bank bought a new position in shares of Star Holdings (NASDAQ:STHO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,299,902 shares of the company's stock, valued at approximately $12,648,000. Toronto Dominion Bank owned about 9.76% of Star at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STHO. Saba Capital Management L.P. lifted its holdings in Star by 24.9% during the fourth quarter. Saba Capital Management L.P. now owns 1,022,198 shares of the company's stock worth $9,946,000 after acquiring an additional 204,030 shares in the last quarter. Foursixthree Capital LP bought a new position in shares of Star during the 4th quarter valued at about $9,207,000. Highbridge Capital Management LLC lifted its holdings in shares of Star by 15.6% during the 4th quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company's stock valued at $8,433,000 after purchasing an additional 116,710 shares in the last quarter. TCW Group Inc. lifted its stake in Star by 14.2% in the fourth quarter. TCW Group Inc. now owns 441,226 shares of the company's stock valued at $4,293,000 after buying an additional 54,976 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Star in the fourth quarter valued at approximately $1,419,000. Institutional investors own 89.31% of the company's stock.
Star Stock Up 2.5%
Shares of Star stock traded up $0.16 during trading on Monday, reaching $6.49. The stock had a trading volume of 101,011 shares, compared to its average volume of 70,420. The company has a market capitalization of $86.45 million, a price-to-earnings ratio of -1.00 and a beta of 1.23. The stock has a fifty day moving average price of $6.69 and a two-hundred day moving average price of $8.42. The company has a current ratio of 7.24, a quick ratio of 9.23 and a debt-to-equity ratio of 0.63. Star Holdings has a 52 week low of $6.06 and a 52 week high of $14.50.
Star (NASDAQ:STHO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.81) EPS for the quarter. The business had revenue of $14.62 million during the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Star from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Stock Report on STHO
Star 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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