Bank of America Corp DE Boosts Holdings in Stratus Properties Inc. (NASDAQ:STRS)

Bank of America Corp DE increased its holdings in shares of Stratus Properties Inc. (NASDAQ:STRS) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,004 shares of the financial services provider’s stock after acquiring an additional 1,670 shares during the period. Bank of America Corp DE’s holdings in Stratus Properties were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Stratus Properties by 113.1% in the 4th quarter. JPMorgan Chase & Co. now owns 20,460 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 10,857 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Stratus Properties by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 713 shares during the last quarter. Barclays PLC raised its holdings in Stratus Properties by 14.7% in the fourth quarter. Barclays PLC now owns 8,416 shares of the financial services provider’s stock valued at $175,000 after buying an additional 1,081 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Stratus Properties by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 419,384 shares of the financial services provider’s stock valued at $8,705,000 after acquiring an additional 2,523 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Stratus Properties by 150.4% in the fourth 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 in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Stratus Properties Stock Up 1.6%

NASDAQ:STRS opened at $18.92 on Thursday. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $30.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $152.74 million, a PE ratio of 135.14 and a beta of 1.18. The stock has a 50 day moving average of $18.36 and a 200-day moving average of $19.59.

Stratus Properties (NASDAQ:STRS) last announced its earnings results on Thursday, May 15th. The financial services provider reported ($0.36) EPS for the quarter. The firm had revenue of $5.04 million for the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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.