Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Sells $80,939.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 2,791 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $29.00, for a total value of $80,939.00. Following the completion of the sale, the insider now owns 1,147,378 shares in the company, valued at approximately $33,273,962. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Wednesday, July 17th, Oasis Management Co Ltd. sold 1,300 shares of Stratus Properties stock. The shares were sold at an average price of $29.11, for a total transaction of $37,843.00.
• On Friday, July 12th, Oasis Management Co Ltd. sold 1,041 shares of Stratus Properties stock. The stock was sold at an average price of $28.53, for a total transaction of $29,699.73.

Stratus Properties Trading Up 0.5 %

STRS opened at $28.99 on Friday. The company has a market capitalization of $234.15 million, a P/E ratio of -49.14 and a beta of 1.12. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.56. Stratus Properties Inc. has a 52 week low of $20.30 and a 52 week high of $30.66. The stock’s fifty day moving average is $25.50 and its two-hundred day moving average is $23.88.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $26.51 million for the quarter. Stratus Properties had a negative net margin of 11.73% and a negative return on equity of 1.50%.

Institutional Trading of Stratus Properties

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Stratus Properties by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock worth $9,328,000 after acquiring an additional 1,155 shares in the last quarter. Chilton Capital Management LLC increased its position in shares of Stratus Properties by 2.7% during the first quarter. Chilton Capital Management LLC now owns 76,247 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 2,000 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Stratus Properties by 1.5% during the 1st quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 528 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Stratus Properties in the 4th quarter worth $577,000. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 worth $426,000 after purchasing an additional 997 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th.

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.