Stratus Properties (NASDAQ:STRS) Stock Breaks Below Two Hundred Day Moving Average - Here's Why

Key Points

• Stratus Properties shares fell below their 200-day moving average of $25.11, trading as low as $18.40 and last changing hands at $18.45.
• Weiss Ratings downgraded the stock from “hold (C-)” to “sell (D+)”; MarketBeat reports the company’s sole analyst rating is also Sell.
• Oasis Management reduced its position by selling 28,720 shares, while Rangeley Capital purchased a new 12,546-share position. Institutions and hedge funds collectively own 61.63% of the stock.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $25.11 and traded as low as $18.40. Stratus Properties shares last traded at $18.45, with a volume of 11,993 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Stratus Properties Stock Performance

The company has a market cap of $147.66 million, a PE ratio of 6.99 and a beta of 1.02. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41. The firm's 50-day simple moving average is $18.97 and its two-hundred day simple moving average is $25.11.

Insider Buying and Selling

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20. Following the completion of the sale, the insider owned 784,797 shares of the company's stock, valued at approximately $21,589,765.47. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stratus Properties stock. Rangeley Capital LLC bought a new position in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,546 shares of the financial services provider's stock, valued at approximately $383,000. Rangeley Capital LLC owned 0.16% of Stratus Properties as of its most recent SEC filing. 61.63% of the stock is currently owned by institutional investors and hedge funds.

About Stratus Properties

Stratus Properties Inc is a real estate development company headquartered in Austin, Texas. The company focuses on the acquisition, development, redevelopment, ownership and management of residential, commercial and mixed-use properties.

Stratus has historically concentrated its activities in the Austin metropolitan area and other select Texas markets. Its portfolio and development activities have included master-planned communities, single-family and multifamily residential projects, office and retail properties, and mixed-use developments designed to combine residential, business, retail and hospitality uses.

The company's projects have included the Barton Creek community and other developments in the Austin area.

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