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 business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $27.00, for a total value of $51,597.00. Following the completion of the transaction, the insider now directly owns 1,141,299 shares of the company’s stock, valued at $30,815,073. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 value of $48,049.25.
• On Friday, August 30th, Oasis Management Co Ltd. sold 830 shares of Stratus Properties stock. The shares were sold at an average price of $27.53, for a total value of $22,849.90.

Stratus Properties Stock Up 6.9 %

STRS opened at $26.04 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.60. Stratus Properties Inc. has a twelve month low of $20.30 and a twelve month high of $30.66. The company has a market cap of $210.40 million, a PE ratio of 186.00 and a beta of 1.12. The company has a 50-day moving average price of $24.76 and a 200 day moving average price of $24.93.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tectonic Advisors LLC boosted its position in Stratus Properties by 4.7% during the third 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 during the last quarter. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 1,226 shares in the last quarter. Vanguard Group Inc. increased its stake 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 worth $9,328,000 after acquiring an additional 1,155 shares during the last quarter. Bank of New York Mellon Corp raised 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 acquiring an additional 997 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Stratus Properties by 5.1% during 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 acquiring an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Stratus Properties from a “hold” rating to a “sell” rating in a research report 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.