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 business’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 transaction of $48,049.25. Following the completion of the sale, the insider now owns 1,139,524 shares in the company, valued at $30,846,914.68. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% 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 stock was sold at an average price of $27.00, for a total transaction 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 value of $22,849.90.

Stratus Properties Stock Performance

Shares of STRS opened at $24.78 on Friday. The company has a 50-day moving average of $24.75 and a two-hundred day moving average of $24.96. The stock has a market cap of $200.47 million, a price-to-earnings ratio of 177.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.90. Stratus Properties Inc. has a one year low of $20.30 and a one year high of $30.66.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in 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 valued at $65,000 after buying an additional 1,226 shares during the period. Vanguard Group Inc. grew 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 acquiring an additional 1,155 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Stratus Properties by 5.1% in 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 period. Bank of New York Mellon Corp increased 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 valued at $426,000 after buying an additional 997 shares during the period. 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 worth $1,065,000 after buying an additional 1,852 shares in the last quarter. 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.