18,800 Shares in Stratus Properties Inc. (NASDAQ:STRS) Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC purchased a new position in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,800 shares of the financial services provider's stock, valued at approximately $390,000. Cresset Asset Management LLC owned approximately 0.23% of Stratus Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in 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 in the last quarter. Northern Trust Corp boosted its stake in Stratus Properties by 1.5% in the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider's stock worth $1,059,000 after purchasing an additional 758 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $209,000 after purchasing an additional 772 shares during the last quarter. Tower Research Capital LLC TRC grew its position in 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 worth $33,000 after purchasing an additional 946 shares during the last quarter. Finally, Barclays PLC increased its stake in Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider's stock valued at $175,000 after purchasing an additional 1,081 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Stratus Properties Stock Performance

Shares of Stratus Properties stock traded up $0.81 during trading on Monday, hitting $21.23. 3,607 shares of the company's stock were exchanged, compared to its average volume of 8,346. The stock has a market capitalization of $171.39 million, a price-to-earnings ratio of 151.64 and a beta of 1.15. The business has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $20.33. Stratus Properties Inc. has a 52-week low of $15.10 and a 52-week high of $30.66. 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 (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $5.04 million during the quarter. Stratus Properties had a net margin of 3.33% and a return on equity of 0.54%.

Wall Street Analyst Weigh In

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

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.