Cresset Asset Management LLC Buys New Stake in Stratus Properties Inc. (NASDAQ:STRS)

Cresset Asset Management LLC acquired a new stake in Stratus Properties Inc. (NASDAQ:STRS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,800 shares of the financial services provider's stock, valued at approximately $390,000. Cresset Asset Management LLC owned about 0.23% of Stratus Properties at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position 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 buying an additional 5,411 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Stratus Properties by 124.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 5,323 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Stratus Properties by 46.1% during the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider's stock valued at $5,384,000 after acquiring an additional 81,895 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Stratus Properties by 11.6% during the 4th quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider's stock worth $949,000 after acquiring an additional 4,743 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Stratus Properties by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock worth $105,000 after acquiring an additional 713 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

Stratus Properties Trading Up 1.5%

Shares of STRS stock traded up $0.32 on Wednesday, reaching $21.55. 4,092 shares of the stock were exchanged, compared to its average volume of 8,297. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The stock has a market cap of $174.01 million, a P/E ratio of 151.14 and a beta of 1.15. The firm has a 50 day moving average of $18.11 and a two-hundred day moving average of $20.33. Stratus Properties Inc. has a 1-year low of $15.10 and a 1-year high of $30.66.

Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.36) EPS for the quarter. The firm had revenue of $5.04 million for the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Stratus Properties in a research report on Saturday, May 10th. They set a "sell" rating for the company.

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.