Marquette Asset Management LLC Grows Position in Star Holdings (NASDAQ:STHO)

Marquette Asset Management LLC grew its stake in shares of Star Holdings (NASDAQ:STHO) by 17.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,865 shares of the company’s stock after purchasing an additional 3,131 shares during the period. Marquette Asset Management LLC owned approximately 0.16% of Star worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC acquired a new position in Star during the second quarter worth about $162,000. American Century Companies Inc. raised its holdings in Star by 16.6% during the second quarter. American Century Companies Inc. now owns 13,496 shares of the company’s stock worth $163,000 after purchasing an additional 1,921 shares during the last quarter. Howard Financial Services LTD. purchased a new stake in Star during the first quarter worth $245,000. Jacobs Levy Equity Management Inc. acquired a new stake in Star in the first quarter valued at $456,000. Finally, EVR Research LP raised its stake in shares of Star by 7.1% during the 2nd quarter. EVR Research LP now owns 90,500 shares of the company’s stock worth $1,091,000 after buying an additional 6,000 shares during the last quarter. 89.31% of the stock is owned by institutional investors and hedge funds.

Star Price Performance

NASDAQ:STHO opened at $13.02 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.26 and a current ratio of 7.26. Star Holdings has a twelve month low of $10.76 and a twelve month high of $15.31. The firm has a 50-day moving average price of $13.22 and a two-hundred day moving average price of $12.76.

Star (NASDAQ:STHO) last released its earnings results on Tuesday, August 6th. The company reported ($0.71) earnings per share (EPS) for the quarter. Star had a negative return on equity of 9.50% and a negative net margin of 67.12%. The company had revenue of $30.55 million during the quarter.

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.