Charles Schwab Investment Management Inc. Increases Stake in Star Holdings (NASDAQ:STHO)

Charles Schwab Investment Management Inc. lifted its stake in Star Holdings (NASDAQ:STHO) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,394 shares of the company’s stock after purchasing an additional 4,715 shares during the period. Charles Schwab Investment Management Inc. owned about 0.78% of Star worth $1,431,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in STHO. Cowen AND Company LLC lifted its holdings in Star by 2,106.2% during the 2nd quarter. Cowen AND Company LLC now owns 1,319,596 shares of the company’s stock worth $15,905,000 after buying an additional 1,259,784 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 buying an additional 1,921 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Star during the second quarter worth approximately $1,185,000. Bluefin Capital Management LLC lifted its holdings in shares of Star by 1.2% during the second quarter. Bluefin Capital Management LLC now owns 351,518 shares of the company’s stock worth $4,239,000 after purchasing an additional 4,311 shares during the period. Finally, EVR Research LP raised its position in 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 currently owned by hedge funds and other institutional investors.

Star Price Performance

Shares of STHO opened at $10.31 on Tuesday. The company has a current ratio of 9.23, a quick ratio of 9.23 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $11.93 and its two-hundred day moving average is $12.52. The firm has a market capitalization of $137.33 million, a PE ratio of 1.68 and a beta of 1.25. Star Holdings has a twelve month low of $10.06 and a twelve month high of $15.31.

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