Stratus Properties (NASDAQ:STRS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS) from a sell rating to a hold rating in a report issued on Sunday.

Stratus Properties Price Performance

NASDAQ:STRS opened at $20.40 on Friday. Stratus Properties has a 12-month low of $20.15 and a 12-month high of $30.66. The firm has a market capitalization of $164.95 million, a price-to-earnings ratio of 145.71 and a beta of 1.15. The stock’s 50 day moving average price is $24.38 and its two-hundred day moving average price is $25.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total value of $48,049.25. Following the transaction, the insider now directly owns 1,139,524 shares of the company’s stock, valued at $30,846,914.68. This represents a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,859 shares of company stock valued at $104,317 in the last quarter. 9.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently made changes to their positions in STRS. Barclays PLC lifted its holdings in Stratus Properties by 281.2% during the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 5,411 shares during the last quarter. Geode Capital Management LLC increased its position in Stratus Properties by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after buying an additional 5,081 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Stratus Properties by 1.8% during the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 3,195 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after buying an additional 2,516 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of Stratus Properties by 4.7% in the third 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. Institutional investors and hedge funds 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.