Stratus Properties (NASDAQ:STRS) Shares Pass Above Fifty Day Moving Average - What's Next?

Key Points

• Stratus Properties' stock price rose above its 50-day moving average of $18.91, reaching as high as $21.29 during trading, with last traded shares at $20.37.
• Analysts maintain a consensus "Sell" rating for Stratus Properties, with Weiss Ratings recently reissuing a "sell (d-)" rating for the stock.
• Institutional investors increased their holdings significantly in the second quarter, indicating interest despite the current negative performance metrics, such as a negative net margin of 9.73%.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.91 and traded as high as $21.29. Stratus Properties shares last traded at $20.37, with a volume of 7,140 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Stratus Properties in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Stratus Properties currently has a consensus rating of "Sell".

Stratus Properties Stock Down 2.3%

The company's 50 day moving average price is $18.91 and its two-hundred day moving average price is $18.59. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.59. The stock has a market cap of $164.59 million, a P/E ratio of -46.29 and a beta of 1.30.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $0.03 earnings per share for the quarter. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%. The firm had revenue of $11.60 million for the quarter.

Insider Buying and Selling at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 1,998 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $21.02, for a total value of $41,997.96. Following the transaction, the insider owned 1,134,878 shares in the company, valued at $23,855,135.56. This represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stratus Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ingalls & Snyder LLC increased its holdings in Stratus Properties by 0.5% in the 2nd quarter. Ingalls & Snyder LLC now owns 900,005 shares of the financial services provider's stock worth $16,992,000 after acquiring an additional 4,804 shares in the last quarter. Geode Capital Management LLC increased its holdings in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after acquiring an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Stratus Properties by 1.5% in the 2nd quarter. Hodges Capital Management Inc. now owns 145,470 shares of the financial services provider's stock worth $2,746,000 after acquiring an additional 2,100 shares in the last quarter. Tectonic Advisors LLC increased its holdings in Stratus Properties by 6.8% in the 2nd quarter. Tectonic Advisors LLC now owns 57,995 shares of the financial services provider's stock worth $1,095,000 after acquiring an additional 3,670 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management increased its holdings in Stratus Properties by 49.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider's stock worth $1,027,000 after acquiring an additional 19,122 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.

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