Insider Selling: Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Sells $48,049.25 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total transaction of $48,049.25. Following the completion of the transaction, the insider now directly owns 1,139,524 shares of the company’s stock, valued at $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Thursday, November 7th, Oasis Management Co Ltd. sold 1,911 shares of Stratus Properties stock. The stock was sold at an average price of $27.00, for a total value of $51,597.00.
• 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 value of $22,849.90.

Stratus Properties Stock Down 4.8 %

STRS opened at $24.78 on Friday. The stock’s 50 day moving average price is $24.75 and its 200 day moving average price is $24.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.90. The stock has a market cap of $200.47 million, a P/E ratio of 177.00 and a beta of 1.12. Stratus Properties Inc. has a 12 month low of $20.30 and a 12 month high of $30.66.

Institutional Trading of Stratus Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in STRS. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 5,411 shares in the last quarter. Geode Capital Management LLC raised its holdings in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after purchasing an additional 5,081 shares in the last quarter. Hodges Capital Management Inc. lifted its position 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 worth $4,612,000 after purchasing an additional 3,195 shares during the period. Ingalls & Snyder LLC boosted its stake in Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after purchasing an additional 2,516 shares in the last quarter. Finally, Tectonic Advisors LLC increased 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 valued at $1,065,000 after purchasing an additional 1,852 shares during the period. 61.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Stratus Properties from a “hold” rating to a “sell” rating in a research 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.