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. lowered its holdings in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) by 44.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,370 shares of the financial services provider's stock after selling 115,995 shares during the quarter. Hodges Capital Management Inc. owned about 1.78% of Stratus Properties worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Northern Trust Corp raised its holdings 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 purchasing an additional 758 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Stratus Properties by 8.3% in 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 buying an additional 772 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Stratus Properties by 150.4% in 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 buying an additional 946 shares during the last quarter. Cresset Asset Management LLC grew its stake in Stratus Properties by 8.2% in the 1st quarter. Cresset Asset Management LLC now owns 20,340 shares of the financial services provider's stock valued at $361,000 after buying an additional 1,540 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Stratus Properties by 8.2% in 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 buying an additional 1,670 shares during the last quarter. Institutional investors own 61.63% of the company's stock.

Stratus Properties Stock Performance

NASDAQ:STRS opened at $19.99 on Friday. The firm's 50-day moving average is $18.10 and its 200-day moving average is $18.25. The company has a market cap of $161.50 million, a price-to-earnings ratio of -45.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.80 and a current ratio of 3.80. Stratus Properties Inc. has a 52-week low of $15.10 and a 52-week high of $28.31.

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

Insider Buying and Selling at Stratus Properties

In related news, Director James Joseph sold 5,000 shares of the 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 in the company, valued at approximately $295,756.30. This trade represents a 24.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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