Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 1,775 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,775 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total value of $48,049.25. Following the sale, the insider now owns 1,139,524 shares in the company, valued at approximately $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Thursday, November 7th, Oasis Management Co Ltd. sold 1,911 shares of Stratus Properties stock. The stock was sold at an average price of $27.00, for a total value of $51,597.00.
• On Friday, August 30th, Oasis Management Co Ltd. sold 830 shares of Stratus Properties stock. The stock was sold at an average price of $27.53, for a total transaction of $22,849.90.

Stratus Properties Stock Up 6.9 %

STRS stock traded up $1.68 during mid-day trading on Thursday, hitting $26.04. 16,395 shares of the company were exchanged, compared to its average volume of 7,675. The firm has a market cap of $210.40 million, a P/E ratio of -162.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 0.90. Stratus Properties Inc. has a 1-year low of $20.30 and a 1-year high of $30.66. The firm’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $24.93.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported ($0.21) EPS for the quarter. Stratus Properties had a negative return on equity of 0.30% and a negative net margin of 2.05%. The business had revenue of $8.49 million for the quarter.

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Tectonic Advisors LLC lifted its stake in shares of Stratus Properties by 4.7% during the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after buying an additional 1,852 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Stratus Properties by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 997 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after buying an additional 525 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Stratus Properties by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock valued at $9,328,000 after purchasing an additional 1,155 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Stratus Properties by 75.4% in the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,226 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Stratus Properties from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th.

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.