Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Sells $51,597.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,911 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $27.00, for a total transaction of $51,597.00. Following the completion of the transaction, the insider now 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 legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, November 12th, Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock. The shares were sold at an average price of $27.07, for a total transaction of $48,049.25.
• 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 value of $22,849.90.

Stratus Properties Price Performance

STRS opened at $26.04 on Friday. The firm has a market capitalization of $210.40 million, a PE ratio of 186.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day moving average is $24.76 and its two-hundred day moving average is $24.93. Stratus Properties Inc. has a 1 year low of $20.30 and a 1 year high of $30.66.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings data on Tuesday, August 13th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $8.49 million during the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

About Stratus Properties

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.