Oasis Management Co Ltd. Sells 830 Shares of Stratus Properties Inc. (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 830 shares of Stratus Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $27.53, for a total transaction of $22,849.90. Following the sale, the insider now directly owns 1,143,210 shares of the company’s stock, valued at $31,472,571.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 23rd, Oasis Management Co Ltd. sold 2,791 shares of Stratus Properties stock. The stock was sold at an average price of $29.00, for a total value of $80,939.00.
• On Wednesday, July 17th, Oasis Management Co Ltd. sold 1,300 shares of Stratus Properties stock. The stock was sold at an average price of $29.11, for a total value of $37,843.00.
• On Friday, July 12th, Oasis Management Co Ltd. sold 1,041 shares of Stratus Properties stock. The shares were sold at an average price of $28.53, for a total value of $29,699.73.

Stratus Properties Stock Up 3.4 %

Shares of NASDAQ:STRS opened at $25.12 on Friday. Stratus Properties Inc. has a 1-year low of $20.30 and a 1-year high of $30.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $202.89 million, a P/E ratio of -42.58 and a beta of 1.12. The firm has a fifty day moving average price of $25.90 and a 200 day moving average price of $24.12.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Stratus Properties by 75.4% during the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,226 shares during the period. Roanoke Asset Management Corp NY acquired a new stake in shares of Stratus Properties in the 4th quarter worth $202,000. Price T Rowe Associates Inc. MD boosted its holdings 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 increased its stake in shares of Stratus Properties by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 997 shares during the period. Finally, Tectonic Advisors LLC raised its holdings in Stratus Properties by 1.5% during the first quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock worth $838,000 after purchasing an additional 528 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.