Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Sells $51,597.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,911 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.00, for a total transaction of $51,597.00. Following the transaction, the insider now owns 1,141,299 shares in the company, valued at approximately $30,815,073. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Friday, August 30th, Oasis Management Co Ltd. sold 830 shares of Stratus Properties stock. The stock was sold at an average price of $27.53, for a total transaction of $22,849.90.

Stratus Properties Stock Down 10.0 %

NASDAQ:STRS opened at $25.03 on Wednesday. Stratus Properties Inc. has a one year low of $20.30 and a one year high of $30.66. The firm’s fifty day moving average price is $24.74 and its two-hundred day moving average price is $24.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings data on Tuesday, August 13th. The financial services provider reported ($0.21) EPS for the quarter. Stratus Properties had a negative net margin of 2.05% and a negative return on equity of 0.30%. The company had revenue of $8.49 million during the quarter.

Hedge Funds Weigh In On Stratus Properties

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Stratus Properties by 75.4% in the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,226 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Stratus Properties by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 525 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 997 shares in the last quarter. Tectonic Advisors LLC grew its stake 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 in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Stratus Properties by 0.3% in the first 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. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.