Star Holdings (NASDAQ:STHO) Stock Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Star Holdings (NASDAQ:STHO) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,758 shares of the company’s stock after selling 14,622 shares during the period. Bank of New York Mellon Corp owned 0.35% of Star worth $564,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in STHO. Bluefin Capital Management LLC grew its position in Star by 0.4% in the first quarter. Bluefin Capital Management LLC now owns 347,207 shares of the company’s stock worth $4,486,000 after acquiring an additional 1,269 shares in the last quarter. TCW Group Inc. increased its position in Star by 2.2% during the second quarter. TCW Group Inc. now owns 335,450 shares of the company’s stock worth $4,046,000 after buying an additional 7,100 shares during the last quarter. Howard Financial Services LTD. acquired a new position in Star during the first quarter worth $245,000. Jacobs Levy Equity Management Inc. bought a new position in Star during the first quarter valued at about $456,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Star in the fourth quarter worth about $824,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Star Stock Performance

Shares of NASDAQ STHO opened at $13.81 on Tuesday. The business’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.66. 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 52 week low of $10.76 and a 52 week high of $15.31. The firm has a market cap of $183.95 million, a price-to-earnings ratio of -1.19 and a beta of 1.47.

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

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.