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 business’s stock in a transaction 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 $30,846,914.68. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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 shares were sold at an average price of $27.53, for a total transaction of $22,849.90.

Stratus Properties Price Performance

Shares of Stratus Properties stock traded down $0.26 during trading on Friday, hitting $25.78. The stock had a trading volume of 2,140 shares, compared to its average volume of 7,649. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The firm has a market cap of $208.30 million, a price-to-earnings ratio of 186.00 and a beta of 1.12. The business’s 50-day moving average is $24.76 and its 200 day moving average is $24.93. Stratus Properties Inc. has a 12 month low of $20.30 and a 12 month high of $30.66.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors have recently added to or reduced their stakes in STRS. Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 525 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Stratus Properties by 6.3% in 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. Vanguard Group Inc. increased its stake in Stratus Properties by 0.3% during 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. BNP Paribas Financial Markets lifted its stake in shares of Stratus Properties by 75.4% during the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock worth $65,000 after buying an additional 1,226 shares during the period. Finally, Tectonic Advisors LLC increased its position in shares of Stratus Properties by 4.7% in the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 1,852 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.