Stratus Properties Inc. (NASDAQ:STRS) Position Cut by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its stake in Stratus Properties Inc. (NASDAQ:STRS) by 16.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 174,275 shares of the financial services provider’s stock after selling 34,000 shares during the quarter. Hodges Capital Management Inc. owned approximately 2.16% of Stratus Properties worth $3,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Dallas Securities Inc. bought a new stake in Stratus Properties in the third quarter valued at $1,096,000. Tectonic Advisors LLC raised its stake in shares of Stratus Properties by 7.9% during the fourth quarter. Tectonic Advisors LLC now owns 36,198 shares of the financial services provider’s stock valued at $1,045,000 after purchasing an additional 2,639 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Stratus Properties during the fourth quarter valued at about $577,000. Finally, Roanoke Asset Management Corp NY bought a new stake in shares of Stratus Properties during the fourth quarter valued at about $202,000. 61.63% of the stock is currently owned by institutional investors.

Stratus Properties Stock Up 0.3 %

Shares of NASDAQ STRS opened at $25.22 on Friday. Stratus Properties Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $29.99. The firm’s 50-day simple moving average is $23.90 and its 200 day simple moving average is $23.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.16.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported $0.56 earnings per share for the quarter. Stratus Properties had a negative net margin of 11.73% and a negative return on equity of 1.50%. The business had revenue of $26.51 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Stratus Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 21st.

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.