Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Stratus Properties Inc. (NASDAQ:STRS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.04 and traded as low as $18.30. Stratus Properties shares last traded at $18.48, with a volume of 4,411 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut Stratus Properties from a “hold” rating to a “sell” rating in a research report on Wednesday.

Stratus Properties Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50-day moving average price of $19.59 and a 200 day moving average price of $23.04. The stock has a market capitalization of $149.43 million, a P/E ratio of 132.00 and a beta of 1.17.

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds have recently added to or reduced their stakes in STRS. Ingalls & Snyder LLC lifted its holdings in shares of 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 buying an additional 2,516 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Stratus Properties by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 419,384 shares of the financial services provider’s stock valued at $8,705,000 after buying an additional 2,523 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Stratus Properties by 46.1% during the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock valued at $5,384,000 after buying an additional 81,895 shares during the period. Geode Capital Management LLC lifted its holdings 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 buying an additional 5,081 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Stratus Properties by 1.5% during the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 758 shares during the period. 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.