Hodges Capital Management Inc. Sells 115,995 Shares of Stratus Properties Inc. $STRS

Key Points

• Hodges Capital Management Inc. significantly reduced its stake in Stratus Properties by 44.7%, selling 115,995 shares and retaining a holding of 143,370 shares valued at approximately $2.5 million.
• Institutional investors collectively own 61.63% of Stratus Properties, with various firms adjusting their stakes during the previous quarters, indicating notable interest from the investment community.
• Stratus Properties reported a negative net margin of 9.73% and a return on equity of -1.13% in its latest earnings report, showcasing challenges in profitability during the period.

Hodges Capital Management Inc. decreased its position in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) by 44.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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. owned approximately 1.78% of Stratus Properties worth $2,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STRS. Russell Investments Group Ltd. grew its position in Stratus Properties by 30,116.9% in the first quarter. Russell Investments Group Ltd. now owns 19,641 shares of the financial services provider's stock worth $349,000 after acquiring an additional 19,576 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management grew its position in Stratus Properties by 49.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider's stock worth $1,027,000 after acquiring an additional 19,122 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Stratus Properties in the fourth quarter worth about $390,000. Nuveen LLC purchased a new position in Stratus Properties in the first quarter worth about $206,000. Finally, Tectonic Advisors LLC grew its position in Stratus Properties by 18.8% in the first quarter. Tectonic Advisors LLC now owns 54,325 shares of the financial services provider's stock worth $964,000 after acquiring an additional 8,609 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company's stock.

Stratus Properties Trading Down 1.2%

NASDAQ STRS traded down $0.25 during trading on Wednesday, hitting $19.84. The stock had a trading volume of 1,519 shares, compared to its average volume of 9,193. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.80 and a current ratio of 3.80. The stock has a market capitalization of $160.31 million, a price-to-earnings ratio of -44.78 and a beta of 1.23. Stratus Properties Inc. has a one year low of $15.10 and a one year high of $28.31. The stock has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $18.28.

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

Insider Transactions at Stratus Properties

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

Wall Street Analysts Forecast Growth

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

About Stratus Properties

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.