Angeles Wealth Management LLC Makes New $183,000 Investment in Star Holdings (NASDAQ:STHO)

Angeles Wealth Management LLC acquired a new position in shares of Star Holdings (NASDAQ:STHO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,199 shares of the company’s stock, valued at approximately $183,000. Angeles Wealth Management LLC owned about 0.10% of Star as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Star by 36.7% in the 1st quarter. Vanguard Group Inc. now owns 910,496 shares of the company’s stock valued at $11,764,000 after purchasing an additional 244,256 shares in the last quarter. Cowen AND Company LLC boosted its stake in Star by 2,106.2% during the 2nd quarter. Cowen AND Company LLC now owns 1,319,596 shares of the company’s stock valued at $15,905,000 after purchasing an additional 1,259,784 shares during the period. American Century Companies Inc. raised its position in Star by 16.6% in 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Star in the 1st quarter worth approximately $456,000. Finally, Acuitas Investments LLC acquired a new stake in Star during the second quarter valued at approximately $1,185,000. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Star Stock Down 4.2 %

Shares of Star stock opened at $12.20 on Monday. The company has a current ratio of 7.26, a quick ratio of 7.26 and a debt-to-equity ratio of 0.55. Star Holdings has a 1 year low of $10.90 and a 1 year high of $15.31. The stock has a 50-day moving average price of $13.30 and a 200 day moving average price of $12.82. The company has a market cap of $162.50 million, a P/E ratio of -1.77 and a beta of 1.50.

Star (NASDAQ:STHO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.71) EPS for the quarter. The firm had revenue of $30.55 million during the quarter. Star had a negative return on equity of 9.50% and a negative net margin of 67.12%.

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. Star Holdings is based in New York, New York.