Hodges Capital Management Inc. Has $2.55 Million Position in Stratus Properties Inc. $STRS

Hodges Capital Management Inc. reduced its holdings in shares of Stratus Properties Inc. (NASDAQ:STRS) by 44.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,370 shares of the financial services provider’s stock after selling 115,995 shares during the period. Hodges Capital Management Inc.’s holdings in Stratus Properties were worth $2,545,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Stratus Properties by 1.5% during the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 758 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Stratus Properties by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 772 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Stratus Properties by 150.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 946 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Stratus Properties by 8.2% during the 1st quarter. Cresset Asset Management LLC now owns 20,340 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 1,540 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Stratus Properties by 8.2% during the 4th quarter. Bank of America Corp DE now owns 22,004 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 1,670 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stratus Properties

In related news, Director James Joseph sold 5,000 shares of Stratus Properties stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $18.82, for a total transaction of $94,100.00. Following the completion of the transaction, the director directly owned 15,715 shares of the company’s stock, valued at $295,756.30. This trade represents a 24.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Stratus Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th.

Stratus Properties Trading Up 4.9%

Shares of STRS stock opened at $19.99 on Friday. Stratus Properties Inc. has a 12-month low of $15.10 and a 12-month high of $28.31. The company has a market capitalization of $161.50 million, a P/E ratio of -45.43 and a beta of 1.23. The firm has a 50-day moving average price of $18.10 and a 200 day moving average price of $18.25. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 0.59.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings results on Tuesday, August 12th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%. The firm had revenue of $11.60 million during the quarter.

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.