Lazard Asset Management LLC Purchases New Position in Stratus Properties Inc. (NASDAQ:STRS)

Lazard Asset Management LLC purchased a new stake in shares of Stratus Properties Inc. (NASDAQ:STRS – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,000 shares of the financial services provider’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Stratus Properties in the 2nd quarter valued at about $32,000. Bank of America Corp DE increased its position in Stratus Properties by 200.0% in the 1st quarter. Bank of America Corp DE now owns 873 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 582 shares in the last quarter. UBS Group AG increased its position in Stratus Properties by 342.5% in the 1st quarter. UBS Group AG now owns 1,000 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 774 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Stratus Properties by 6,509.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,454 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in Stratus Properties in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Stratus Properties Trading Up 0.3 %

Shares of NASDAQ:STRS opened at $21.70 on Tuesday. Stratus Properties Inc. has a one year low of $18.51 and a one year high of $46.44. The company has a 50 day moving average of $21.16 and a 200-day moving average of $24.72. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.44.

Wall Street Analyst Weigh In

STRS has been the subject of several research reports. TheStreet upgraded shares of Stratus Properties from a “d+” rating to a “c” rating in a research report on Wednesday, November 30th. StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd.

About Stratus Properties

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Stratus Properties, Inc engages in the acquisition, development, and management of real estate assets. It operates through the following segments: Hotel, Entertainment, Real Estate Operations, and Leasing Operations. The Hotel segment manages W Austin Hotel and Residences. The Entertainment segment includes production studios and venues for live music, concerts, and private events.