JPMorgan Chase & Co. Grows Stock Holdings in Stratus Properties Inc. (NASDAQ:STRS)

JPMorgan Chase & Co. raised its stake in shares of Stratus Properties Inc. (NASDAQ:STRS) by 124.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,603 shares of the financial services provider’s stock after acquiring an additional 5,323 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Stratus Properties worth $250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of Stratus Properties by 281.2% in the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 5,411 shares in the last quarter. Tectonic Advisors LLC lifted its position in Stratus Properties by 4.7% in the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after purchasing an additional 1,852 shares during the period. Geode Capital Management LLC boosted its holdings in Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after purchasing an additional 5,081 shares in the last quarter. Hodges Capital Management Inc. increased its position in Stratus Properties by 1.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after purchasing an additional 3,195 shares during the period. Finally, Ingalls & Snyder LLC raised its stake in shares of Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after buying an additional 2,516 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,911 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.00, for a total transaction of $51,597.00. Following the sale, the insider now directly owns 1,141,299 shares in the company, valued at approximately $30,815,073. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 3,859 shares of company stock worth $104,317. 9.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Stratus Properties from a “sell” rating to a “hold” rating in a research note on Sunday, December 22nd.

Stratus Properties Price Performance

Shares of NASDAQ STRS opened at $19.29 on Friday. The company’s fifty day moving average is $21.71 and its two-hundred day moving average is $24.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $156.06 million, a P/E ratio of 137.79 and a beta of 1.18. Stratus Properties Inc. has a one year low of $18.11 and a one year high of $30.66.

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.