Hodges Capital Management Inc. Grows Stock Holdings in Stratus Properties Inc. (NASDAQ:STRS)

Hodges Capital Management Inc. lifted its stake in Stratus Properties Inc. (NASDAQ:STRS - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,365 shares of the financial services provider's stock after purchasing an additional 81,895 shares during the quarter. Hodges Capital Management Inc. owned about 3.21% of Stratus Properties worth $5,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased 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 valued at $191,000 after acquiring an additional 5,411 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $250,000 after buying an additional 5,323 shares during the last quarter. Tectonic Advisors LLC lifted its stake in shares of Stratus Properties by 4.7% in the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider's stock worth $1,065,000 after buying an additional 1,852 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $3,630,000 after buying an additional 5,081 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its position in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider's stock valued at $24,789,000 after acquiring an additional 2,516 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Stratus Properties from a "sell" rating to a "hold" rating in a research report on Sunday, December 22nd.

Insider Activity

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties 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 completion of the sale, the insider now owns 1,139,524 shares of the company's stock, valued at $30,846,914.68. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.30% of the company's stock.

Stratus Properties Stock Performance

NASDAQ STRS traded down $0.11 during trading hours on Thursday, hitting $20.07. The company's stock had a trading volume of 3,443 shares, compared to its average volume of 6,831. Stratus Properties Inc. has a 12 month low of $18.11 and a 12 month high of $30.66. The company's 50 day simple moving average is $21.23 and its two-hundred day simple moving average is $23.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $162.37 million, a P/E ratio of 143.36 and a beta of 1.17.

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.