Hodges Capital Management Inc. Has $5.38 Million Stake in Stratus Properties Inc. (NASDAQ:STRS)

Hodges Capital Management Inc. lifted its position in shares of Stratus Properties Inc. (NASDAQ:STRS) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,365 shares of the financial services provider’s stock after buying an additional 81,895 shares during the period. Hodges Capital Management Inc. owned about 3.21% of Stratus Properties worth $5,384,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tectonic Advisors LLC lifted its stake in Stratus Properties by 4.7% in the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 1,852 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of Stratus Properties by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after purchasing an additional 2,516 shares in the last quarter. Barclays PLC boosted its holdings in Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 5,411 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after purchasing an additional 5,081 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Stratus Properties by 124.4% in the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 5,323 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

Insider Activity at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total value of $48,049.25. Following the completion of the sale, the insider now directly owns 1,139,524 shares in the company, valued at approximately $30,846,914.68. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 3,859 shares of company stock valued at $104,317. 9.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a research note on Sunday, December 22nd.

Stratus Properties Stock Up 0.9 %

STRS stock opened at $19.29 on Monday. The company has a market cap of $156.06 million, a price-to-earnings ratio of 137.79 and a beta of 1.17. Stratus Properties Inc. has a twelve month low of $18.11 and a twelve month high of $30.66. The business has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $23.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60.

Stratus Properties Profile

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.