Rangeley Capital LLC Buys 86,972 Shares of Star Holdings $STHO

Rangeley Capital LLC boosted its stake in Star Holdings (NASDAQ:STHO) by 46.5% during the first quarter, Holdings Channel reports. The institutional investor owned 274,072 shares of the company’s stock after buying an additional 86,972 shares during the period. Star comprises approximately 1.9% of Rangeley Capital LLC’s investment portfolio, making the stock its 12th biggest position. Rangeley Capital LLC’s holdings in Star were worth $2,075,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Wealth LLC raised its holdings in Star by 427.4% in the 4th quarter. NewEdge Wealth LLC now owns 156,821 shares of the company’s stock valued at $1,291,000 after acquiring an additional 127,088 shares during the period. Jane Street Group LLC boosted its holdings in shares of Star by 289.6% during the second quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock worth $781,000 after acquiring an additional 74,287 shares during the period. Quantinno Capital Management LP grew its position in shares of Star by 507.1% in the second quarter. Quantinno Capital Management LP now owns 88,778 shares of the company’s stock valued at $693,000 after purchasing an additional 74,154 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Star by 148.0% in the first quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock valued at $710,000 after purchasing an additional 55,965 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Star during the third quarter worth approximately $248,000. 89.31% of the stock is owned by institutional investors.

Star Stock Performance

NASDAQ:STHO opened at $9.27 on Monday. The company has a market cap of $111.98 million, a price-to-earnings ratio of -1.79 and a beta of 1.23. Star Holdings has a fifty-two week low of $7.01 and a fifty-two week high of $9.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.54 and a current ratio of 8.54. The stock has a fifty day moving average price of $9.01 and a 200-day moving average price of $8.54.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. Wall Street Zen raised Star from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Star presently has a consensus rating of “Sell”.

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.