127,000 Shares in Star Holdings (NASDAQ:STHO) Purchased by Rangeley Capital LLC

Rangeley Capital LLC purchased a new position in shares of Star Holdings (NASDAQ:STHO) in the fourth quarter, Holdings Channel.com reports. The fund purchased 127,000 shares of the company’s stock, valued at approximately $1,236,000. Star makes up about 1.1% of Rangeley Capital LLC’s portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Star by 26.3% in the fourth 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. Highbridge Capital Management LLC boosted its stake in Star by 15.6% in the fourth quarter. Highbridge Capital Management LLC now owns 866,710 shares of the company’s stock valued at $8,433,000 after acquiring an additional 116,710 shares in the last quarter. Norges Bank purchased a new position in shares of Star during the fourth quarter worth about $189,000. JPMorgan Chase & Co. increased its position in shares of Star by 102.0% during the fourth quarter. JPMorgan Chase & Co. now owns 45,688 shares of the company’s stock worth $445,000 after purchasing an additional 23,075 shares in the last quarter. Finally, Tilson Financial Group Inc. acquired a new stake in shares of Star during the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Trading Down 0.5 %

Shares of Star stock opened at $7.94 on Thursday. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $8.63 and its 200-day simple moving average is $10.46. Star Holdings has a 52-week low of $7.76 and a 52-week high of $14.50. The firm has a market cap of $105.76 million, a price-to-earnings ratio of -1.22 and a beta of 1.20.

Star (NASDAQ:STHO) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share for the quarter. The company had revenue of $32.76 million for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%.

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.