Stratus Properties (NASDAQ:STRS) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Stratus Properties Inc. (NASDAQ:STRS)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.76 and traded as low as $18.51. Stratus Properties shares last traded at $18.51, with a volume of 3,137 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Stratus Properties in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Stratus Properties Price Performance

The firm has a market cap of $149.54 million, a PE ratio of -42.07 and a beta of 1.30. The stock’s fifty day moving average price is $19.92 and its 200-day moving average price is $18.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.80 and a quick ratio of 3.80.

Stratus Properties (NASDAQ:STRS) last released its earnings results on Tuesday, August 12th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%. The business had revenue of $11.60 million during the quarter.

Insider Activity

In other news, major shareholder Oasis Management Co Ltd. sold 1,998 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $21.02, for a total transaction of $41,997.96. Following the completion of the sale, the insider owned 1,134,878 shares of the company’s stock, valued at $23,855,135.56. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in shares of Stratus Properties by 30,116.9% during the first quarter. Russell Investments Group Ltd. now owns 19,641 shares of the financial services provider’s stock worth $349,000 after buying an additional 19,576 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management grew its holdings in shares of Stratus Properties by 49.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider’s stock valued at $1,027,000 after purchasing an additional 19,122 shares during the period. Nuveen LLC purchased a new stake in shares of Stratus Properties in the first quarter valued at about $206,000. Cresset Asset Management LLC grew its holdings in shares of Stratus Properties by 8.2% in the first quarter. Cresset Asset Management LLC now owns 20,340 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 1,540 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in shares of Stratus Properties by 0.5% in the second quarter. Ingalls & Snyder LLC now owns 900,005 shares of the financial services provider’s stock valued at $16,992,000 after purchasing an additional 4,804 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

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.