Ingalls & Snyder LLC Sells 58,289 Shares of Stratus Properties Inc. (NASDAQ:STRS)

Ingalls & Snyder LLC cut its holdings in Stratus Properties Inc. (NASDAQ:STRS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 895,501 shares of the financial services provider’s stock after selling 58,289 shares during the quarter. Ingalls & Snyder LLC owned about 0.11% of Stratus Properties worth $18,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tectonic Advisors LLC boosted its stake in Stratus Properties by 11.6% in the fourth quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 4,743 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Stratus Properties by 46.1% in the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock valued at $5,384,000 after acquiring an additional 81,895 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Stratus Properties by 124.4% in the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 5,323 shares during the last quarter. Barclays PLC boosted its stake in 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after purchasing an additional 5,081 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Stratus Properties from a “sell” rating to a “hold” rating in a research report on Sunday, December 22nd.

Stratus Properties Trading Down 0.4 %

Shares of NASDAQ STRS opened at $19.77 on Thursday. The company’s fifty day moving average is $20.78 and its 200-day moving average is $23.51. The stock has a market cap of $159.94 million, a price-to-earnings ratio of 141.21 and a beta of 1.17. Stratus Properties Inc. has a twelve month low of $18.11 and a twelve month high of $30.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60.

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.