Marquette Asset Management LLC Makes New $523,000 Investment in Star Holdings $STHO

Marquette Asset Management LLC bought a new stake in shares of Star Holdings (NASDAQ:STHO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 57,253 shares of the company’s stock, valued at approximately $523,000. Marquette Asset Management LLC owned about 0.47% of Star at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in STHO. NewEdge Wealth LLC boosted its position in Star by 427.4% during the 4th quarter. NewEdge Wealth LLC now owns 156,821 shares of the company’s stock valued at $1,291,000 after purchasing an additional 127,088 shares during the period. Rangeley Capital LLC increased its position in Star by 46.5% in the first quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock worth $2,075,000 after buying an additional 86,972 shares during the period. Jump Financial LLC bought a new stake in Star in the second quarter valued at $184,000. Cerity Partners LLC lifted its stake in Star by 13.0% in the second quarter. Cerity Partners LLC now owns 21,072 shares of the company’s stock valued at $165,000 after buying an additional 2,426 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Star during the fourth quarter worth about $160,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. Wall Street Zen upgraded shares of Star from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Star Trading Down 2.1%

Star stock opened at $9.44 on Tuesday. Star Holdings has a 12-month low of $7.01 and a 12-month high of $9.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.54 and a quick ratio of 8.54. The stock has a market capitalization of $114.04 million, a PE ratio of 7.80 and a beta of 1.21. The firm has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $8.60.

Star (NASDAQ:STHO) last released its earnings results on Friday, August 7th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $19.36 million during the quarter. Star had a negative return on equity of 0.91% and a net margin of 14.77%.

Star Profile

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.