Star Holdings (NASDAQ:STHO) Stock Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Star Holdings (NASDAQ:STHO) by 123.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,613 shares of the company’s stock after acquiring an additional 12,502 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of Star worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STHO. FMR LLC boosted its holdings in Star by 81.1% in the third quarter. FMR LLC now owns 7,386 shares of the company’s stock worth $102,000 after purchasing an additional 3,308 shares during the period. AQR Capital Management LLC bought a new stake in shares of Star during the 2nd quarter valued at about $162,000. American Century Companies Inc. raised its stake 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 acquiring an additional 1,921 shares during the period. Angeles Wealth Management LLC bought a new position in Star in the third quarter worth about $183,000. Finally, Barclays PLC boosted its stake in Star by 262.7% in the third quarter. Barclays PLC now owns 17,341 shares of the company’s stock valued at $240,000 after acquiring an additional 12,560 shares during the period. 89.31% of the stock is owned by institutional investors and hedge funds.

Star Stock Up 2.8 %

Shares of Star stock opened at $8.90 on Friday. The stock has a market capitalization of $118.55 million, a price-to-earnings ratio of 1.45 and a beta of 1.35. Star Holdings has a twelve month low of $8.26 and a twelve month high of $14.50. 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 business’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $11.83.

Star (NASDAQ:STHO) last issued 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 return on equity of 9.84% and a net margin of 69.55%.

Star Company 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.