Rangeley Capital LLC Takes $1.24 Million Position in Star Holdings (NASDAQ:STHO)

Rangeley Capital LLC acquired a new position in shares of Star Holdings (NASDAQ:STHO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 127,000 shares of the company’s stock, valued at approximately $1,236,000. Star makes up about 1.1% of Rangeley Capital LLC’s investment portfolio, making the stock its 25th largest position. Rangeley Capital LLC owned 0.95% of Star as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Star by 298.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock valued at $43,000 after purchasing an additional 3,335 shares in the last quarter. FMR LLC grew its holdings in shares of Star by 81.1% during 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 in the last quarter. Tilson Financial Group Inc. bought a new stake in Star during the fourth quarter valued at approximately $132,000. Barclays PLC grew its stake in Star by 262.7% in the 3rd quarter. Barclays PLC now owns 17,341 shares of the company’s stock worth $240,000 after buying an additional 12,560 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Star during the 3rd quarter valued at $243,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Trading Down 0.5 %

Shares of STHO stock opened at $7.94 on Thursday. The business has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $10.46. Star Holdings has a 12-month low of $7.76 and a 12-month high of $14.50. The company has a quick ratio of 9.23, a current ratio of 7.24 and a debt-to-equity ratio of 0.63. The firm has a market cap of $105.76 million, a P/E ratio of -1.22 and a beta of 1.20.

Star (NASDAQ:STHO) last posted its earnings results on Tuesday, February 18th. The company reported ($7.70) earnings per share (EPS) for the quarter. The business had revenue of $32.76 million for the quarter. Star had a negative net margin of 76.57% and a negative return on equity of 33.53%.

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.