Oasis Management Co Ltd. Sells 1,775 Shares of Stratus Properties Inc. (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,775 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,139,524 shares in the company, valued at approximately $30,846,914.68. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 shares were 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 Trading Down 4.8 %

Shares of NASDAQ STRS opened at $24.78 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 12 month low of $20.30 and a 12 month high of $30.66. The business has a fifty day simple moving average of $24.75 and a 200-day simple moving average of $24.95. The company has a market cap of $200.22 million, a price-to-earnings ratio of 177.00 and a beta of 1.12.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in STRS. Price T Rowe Associates Inc. MD lifted its position 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 worth $248,000 after buying an additional 525 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Stratus Properties by 0.3% during the first quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock worth $9,328,000 after purchasing an additional 1,155 shares during the period. BNP Paribas Financial Markets raised its holdings in Stratus Properties by 75.4% during the 1st 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. Bank of New York Mellon Corp lifted its stake in Stratus Properties by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock valued at $426,000 after buying an additional 997 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in 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 in the last quarter. 61.63% of the stock is owned by institutional investors.

Stratus Properties Company Profile

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.