Citigroup Inc. bought a new position in Star Holdings (NASDAQ:STHO – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 190,900 shares of the company’s stock, valued at approximately $3,320,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ursa Fund Management LLC acquired a new stake in shares of Star during the 1st quarter worth approximately $7,056,000. NewEdge Wealth LLC acquired a new stake in shares of Star during the 1st quarter worth approximately $5,353,000. Private Management Group Inc. acquired a new stake in shares of Star during the 1st quarter worth approximately $1,793,000. Principal Financial Group Inc. acquired a new stake in shares of Star during the 1st quarter worth approximately $1,394,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Star during the 1st quarter worth approximately $1,069,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
Star Price Performance
Shares of STHO stock opened at $13.54 on Tuesday. Star Holdings has a 12-month low of $12.92 and a 12-month high of $20.79. The business has a 50 day simple moving average of $14.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 8.79 and a quick ratio of 8.79.
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; and commercial real estate properties and loans that are marketed for sale or monetized.
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