Key Points
- Oasis Management sold 818 shares of Stratus Properties on Nov. 26 at an average price of $22.80 for $18,650.40, leaving it with 1,134,060 shares (a 0.07% ownership decrease) valued at about $25.86 million.
- Company fundamentals are weak: Stratus reported a ($0.62) EPS for the quarter, has negative net margin and return on equity, a market cap of $175.3 million, and carries a MarketBeat consensus rating of "Sell."
- Market context: STRS opened at $21.93, trades above its 50- and 200-day moving averages ($20.02 and $19.07), has a one-year range of $15.10–$26.98, and institutional investors own 61.63% of the stock.
Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 818 shares of the firm's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $22.80, for a total transaction of $18,650.40. Following the sale, the insider owned 1,134,060 shares in the company, valued at approximately $25,856,568. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Oasis Management Co Ltd. also recently made the following trade(s):
- On Thursday, September 18th, Oasis Management Co Ltd. sold 1,998 shares of Stratus Properties stock. The stock was sold at an average price of $21.02, for a total transaction of $41,997.96.
Stratus Properties Price Performance
STRS stock opened at $21.93 on Friday. The stock has a 50-day moving average price of $20.02 and a two-hundred day moving average price of $19.07. Stratus Properties Inc. has a 1 year low of $15.10 and a 1 year high of $26.98. The stock has a market cap of $175.33 million, a PE ratio of -49.84 and a beta of 1.30. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.59.
Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The financial services provider reported ($0.62) EPS for the quarter. The firm had revenue of $4.97 million during the quarter. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%.
Institutional Trading of Stratus Properties
Several institutional investors and hedge funds have recently bought and sold shares of STRS. Ingalls & Snyder LLC boosted its position in Stratus Properties by 0.5% during 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 last quarter. Vanguard Group Inc. increased its position in Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock worth $9,107,000 after buying an additional 7,994 shares during the last quarter. Geode Capital Management LLC raised its stake in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock valued at $3,008,000 after acquiring an additional 15,896 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Stratus Properties by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider's stock worth $3,093,000 after buying an additional 700 shares during the period. Finally, Tectonic Advisors LLC lifted its position in Stratus Properties by 6.8% during the second quarter. Tectonic Advisors LLC now owns 57,995 shares of the financial services provider's stock worth $1,095,000 after acquiring an additional 3,670 shares during the last quarter. Institutional investors own 61.63% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Stratus Properties in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".
Read Our Latest Research Report on STRS
About Stratus Properties
(
Get Free Report)
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.
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