Rangeley Capital LLC Has $2.08 Million Stock Holdings in Star Holdings $STHO

Rangeley Capital LLC lifted its stake in Star Holdings (NASDAQ:STHO) by 46.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 274,072 shares of the company’s stock after acquiring an additional 86,972 shares during the quarter. Star makes up approximately 1.9% of Rangeley Capital LLC’s investment portfolio, making the stock its 12th largest position. Rangeley Capital LLC owned approximately 2.27% of Star worth $2,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NewEdge Wealth LLC boosted its position in Star by 427.4% during the fourth quarter. NewEdge Wealth LLC now owns 156,821 shares of the company’s stock valued at $1,291,000 after purchasing an additional 127,088 shares during the last quarter. Jane Street Group LLC increased its position in shares of Star by 289.6% during the 2nd quarter. Jane Street Group LLC now owns 99,938 shares of the company’s stock worth $781,000 after purchasing an additional 74,287 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Star by 507.1% during the 2nd quarter. Quantinno Capital Management LP now owns 88,778 shares of the company’s stock worth $693,000 after purchasing an additional 74,154 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Star by 148.0% during the 1st quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock worth $710,000 after purchasing an additional 55,965 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Star during the 3rd quarter worth approximately $248,000. Institutional investors own 89.31% of the company’s stock.

Star Stock Performance

Shares of NASDAQ STHO opened at $9.27 on Monday. The company has a current ratio of 8.54, a quick ratio of 8.54 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $111.98 million, a P/E ratio of -1.79 and a beta of 1.23. Star Holdings has a 12 month low of $7.01 and a 12 month high of $9.68. The stock has a 50 day moving average of $9.01 and a 200-day moving average of $8.54.

Wall Street Analysts Forecast Growth

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