Stratus Properties (NASDAQ:STRS) Stock Passes Below 200 Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.15 and traded as low as $18.11. Stratus Properties shares last traded at $19.00, with a volume of 7,955 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Stratus Properties from a “sell” rating to a “hold” rating in a research report on Sunday, December 22nd.

Stratus Properties Trading Down 0.1 %

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The stock has a market cap of $153.71 million, a P/E ratio of 135.71 and a beta of 1.18. The business’s fifty day simple moving average is $22.03 and its 200 day simple moving average is $24.15.

Insider Activity

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the business’s stock in a transaction dated 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 directly owns 1,139,524 shares of the company’s stock, valued at approximately $30,846,914.68. The trade was a 0.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 3,859 shares of company stock valued at $104,317 over the last three months. 9.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Stratus Properties

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of 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 valued at $3,630,000 after acquiring an additional 5,081 shares during the last quarter. Barclays PLC increased its holdings in Stratus Properties by 281.2% in the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 5,411 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in Stratus Properties by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 3,195 shares during the period. Ingalls & Snyder LLC boosted its holdings in 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 during the last quarter. Finally, Tectonic Advisors LLC grew its position in shares of Stratus Properties by 4.7% during 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 during the period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.