Foursixthree Capital LP Purchases Shares of 946,296 Star Holdings (NASDAQ:STHO)

Foursixthree Capital LP acquired a new position in Star Holdings (NASDAQ:STHO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 946,296 shares of the company’s stock, valued at approximately $9,207,000. Star comprises 3.2% of Foursixthree Capital LP’s investment portfolio, making the stock its 6th biggest holding. Foursixthree Capital LP owned 7.10% of Star as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Northern Trust Corp raised its position in Star by 4.7% in the 4th 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. Tower Research Capital LLC TRC grew its stake 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 acquiring an additional 1,761 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Star in the fourth quarter valued at about $516,000. Marshall Wace LLP bought a new position in shares of Star during the fourth quarter valued at about $358,000. Finally, Barclays PLC boosted its holdings in Star by 14.4% during the fourth quarter. Barclays PLC now owns 19,839 shares of the company’s stock worth $194,000 after purchasing an additional 2,498 shares during the last quarter. Institutional investors own 89.31% of the company’s stock.

Star Stock Performance

Shares of STHO stock opened at $6.74 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.23 and a current ratio of 7.24. The company has a market capitalization of $89.78 million, a price-to-earnings ratio of -1.03 and a beta of 1.13. Star Holdings has a 52-week low of $6.09 and a 52-week high of $14.50. The company has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $9.46.

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

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.