Stratus Properties (NASDAQ:STRS) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.64 and traded as low as $17.89. Stratus Properties shares last traded at $18.07, with a volume of 8,727 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Stratus Properties in a research note on Saturday. They issued a “sell” rating for the company.

Stratus Properties Trading Up 2.4 %

The company has a 50 day moving average of $19.13 and a two-hundred day moving average of $22.58. The stock has a market capitalization of $146.11 million, a PE ratio of 129.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Hedge Funds Weigh In On Stratus Properties

Several hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. boosted its stake in Stratus Properties by 46.1% in the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after purchasing an additional 81,895 shares in the last quarter. Cresset Asset Management LLC purchased a new position in shares of Stratus Properties in the fourth quarter worth $390,000. JPMorgan Chase & Co. lifted its stake in shares of Stratus Properties by 113.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,460 shares of the financial services provider’s stock worth $425,000 after buying an additional 10,857 shares during the period. Barclays PLC grew its holdings in shares of Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after buying an additional 5,411 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 valued at $3,630,000 after acquiring an additional 5,081 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.