Stratus Properties (NASDAQ:STRS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Stratus Properties Inc. (NASDAQ:STRS)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.72 and traded as low as $22.81. Stratus Properties shares last traded at $23.89, with a volume of 5,910 shares changing hands.

Wall Street Analysts Forecast Growth

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

Stratus Properties Trading Up 4.0 %

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $193.69 million, a price-to-earnings ratio of -40.64 and a beta of 1.10. The business has a 50-day moving average of $25.08 and a two-hundred day moving average of $24.72.

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

Insider Buying and Selling

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 2,791 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $29.00, for a total value of $80,939.00. Following the sale, the insider now owns 1,147,378 shares of the company’s stock, valued at $33,273,962. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.30% of the stock is owned by company insiders.

Institutional Trading of Stratus Properties

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Stratus Properties by 75.4% in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Stratus Properties by 5.1% during 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 purchasing an additional 525 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $426,000 after purchasing an additional 997 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Stratus Properties by 1.5% in the 1st quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock worth $838,000 after buying an additional 528 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its position in shares of Stratus Properties by 2.7% during the 1st quarter. Chilton Capital Management LLC now owns 76,247 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 2,000 shares during the period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.