Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Stratus Properties Inc. shares have fallen below their 200-day moving average for the first time, trading as low as $15.54 compared to the average of $18.42.
• Wall Street analysts have downgraded Stratus Properties from a "hold" rating to a "sell" rating, indicating a bearish outlook on the stock.
• Insider trading showed that Director James Joseph sold 5,000 shares at an average price of $18.82, reflecting a 24.14% decrease in their holdings, raising concerns about the company’s future performance.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.42 and traded as low as $15.54. Stratus Properties shares last traded at $15.80, with a volume of 5,849 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Stratus Properties from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

Stratus Properties Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $135.37 million, a P/E ratio of -24.67 and a beta of 1.19. The business's 50 day simple moving average is $18.16 and its two-hundred day simple moving average is $18.37.

Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $0.03 earnings per share for the quarter. The business had revenue of $11.60 million for the quarter. Stratus Properties had a negative return on equity of 1.84% and a negative net margin of 16.72%.

Insider Transactions at Stratus Properties

In other news, Director James Joseph sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $18.82, for a total transaction of $94,100.00. Following the completion of the transaction, the director owned 15,715 shares of the company's stock, valued at approximately $295,756.30. The trade was a 24.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Stratus Properties

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in Stratus Properties by 30,116.9% during the first quarter. Russell Investments Group Ltd. now owns 19,641 shares of the financial services provider's stock valued at $349,000 after acquiring an additional 19,576 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in Stratus Properties by 49.3% in the first 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 purchasing an additional 19,122 shares during the period. Cresset Asset Management LLC purchased a new stake in Stratus Properties in the 4th quarter valued at about $390,000. Geode Capital Management LLC increased its holdings in shares of 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 valued at $3,008,000 after acquiring an additional 15,896 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Stratus Properties during the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 61.63% of the company's stock.

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.