Stratus Properties Inc. (NASDAQ:STRS) Short Interest Update

Stratus Properties Inc. (NASDAQ:STRS) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 65,400 shares, a decline of 16.5% from the December 15th total of 78,300 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 6.7 days. Currently, 1.0% of the shares of the stock are short sold.

Insiders Place Their Bets

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total value of $48,049.25. Following the transaction, the insider now owns 1,139,524 shares in the company, valued at approximately $30,846,914.68. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 3,859 shares of company stock worth $104,317. 9.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STRS. Bank of New York Mellon Corp increased its position in 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 buying an additional 997 shares during the last quarter. Tectonic Advisors LLC boosted 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 acquiring an additional 1,852 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after acquiring an additional 2,516 shares during the last quarter. Hodges Capital Management Inc. raised its stake in shares of Stratus Properties by 1.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Stratus Properties by 3.8% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stratus Properties Stock Up 0.6 %

Shares of STRS traded up $0.12 during trading hours on Friday, reaching $19.75. The company’s stock had a trading volume of 5,345 shares, compared to its average volume of 7,439. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The firm has a market cap of $159.78 million, a price-to-earnings ratio of 141.07 and a beta of 1.18. The company has a 50 day moving average of $23.03 and a two-hundred day moving average of $24.52. Stratus Properties has a 1-year low of $18.28 and a 1-year high of $30.66.

Analyst Upgrades and Downgrades

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

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.