Geode Capital Management LLC Sells 2,766 Shares of Star Holdings (NASDAQ:STHO)

Geode Capital Management LLC trimmed its holdings in Star Holdings (NASDAQ:STHO) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,311 shares of the company’s stock after selling 2,766 shares during the quarter. Geode Capital Management LLC owned about 2.01% of Star worth $3,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Star by 81.1% during the 3rd quarter. FMR LLC now owns 7,386 shares of the company’s stock valued at $102,000 after purchasing an additional 3,308 shares during the period. Angeles Wealth Management LLC acquired a new position in Star in the third quarter valued at approximately $183,000. AQR Capital Management LLC acquired a new position in Star in the second quarter valued at approximately $162,000. American Century Companies Inc. boosted its stake in Star by 16.6% in the second quarter. American Century Companies Inc. now owns 13,496 shares of the company’s stock valued at $163,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Barclays PLC grew its holdings in Star by 262.7% during the 3rd quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after acquiring an additional 12,560 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.

Star Stock Performance

STHO stock opened at $9.19 on Tuesday. Star Holdings has a twelve month low of $9.17 and a twelve month high of $14.50. The company has a quick ratio of 9.23, a current ratio of 9.23 and a debt-to-equity ratio of 0.45. The company has a market cap of $122.41 million, a P/E ratio of 1.50 and a beta of 1.35. The business’s fifty day moving average is $10.86 and its 200-day moving average is $12.19.

Star (NASDAQ:STHO) last released its earnings results on Tuesday, November 5th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $24.55 million during the quarter. Star had a net margin of 69.55% and a return on equity of 9.84%.

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.