Hodges Capital Management Inc. Purchases 81,895 Shares of Stratus Properties Inc. (NASDAQ:STRS)

Hodges Capital Management Inc. increased its position in shares of Stratus Properties Inc. (NASDAQ:STRS) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,365 shares of the financial services provider’s stock after purchasing an additional 81,895 shares during the period. Hodges Capital Management Inc.’s holdings in Stratus Properties were worth $5,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of 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 buying an additional 5,411 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 5,323 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after purchasing an additional 5,081 shares during the period. Ingalls & Snyder LLC grew its position in shares of Stratus Properties by 0.3% during the 3rd 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. Finally, Tectonic Advisors LLC increased its holdings in shares of Stratus Properties by 4.7% during the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after purchasing an additional 1,852 shares during the period. 61.63% of the stock is currently owned by institutional investors.

Stratus Properties Stock Performance

STRS opened at $19.29 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. Stratus Properties Inc. has a 52-week low of $18.11 and a 52-week high of $30.66. The firm has a market cap of $156.06 million, a P/E ratio of 137.79 and a beta of 1.17. The business’s fifty day moving average is $21.71 and its 200-day moving average is $23.96.

Insiders Place Their Bets

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total value of $48,049.25. Following the sale, the insider now owns 1,139,524 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders have sold 3,859 shares of company stock worth $104,317 over the last ninety days. Corporate insiders own 9.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stratus Properties Company 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.