Stratus Properties (NASDAQ:STRS) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Shares of Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.29 and traded as low as $17.67. Stratus Properties shares last traded at $18.42, with a volume of 7,976 shares traded.

Analyst Ratings Changes

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

Stratus Properties Stock Up 2.2%

The stock has a market cap of $148.65 million, a P/E ratio of -27.09 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average is $18.32 and its 200-day moving average is $19.29.

Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter. Stratus Properties had a negative net margin of 16.72% and a negative return on equity of 1.84%. The company had revenue of $5.04 million during the quarter.

Hedge Funds Weigh In On Stratus Properties

Several hedge funds have recently modified their holdings of the company. Cresset Asset Management LLC lifted its holdings in shares of Stratus Properties by 8.2% in the first quarter. Cresset Asset Management LLC now owns 20,340 shares of the financial services provider's stock valued at $361,000 after buying an additional 1,540 shares during the period. Russell Investments Group Ltd. raised its position in Stratus Properties by 30,116.9% in the first quarter. Russell Investments Group Ltd. now owns 19,641 shares of the financial services provider's stock worth $349,000 after acquiring an additional 19,576 shares in the last quarter. Nuveen LLC acquired a new stake in Stratus Properties in the 1st quarter valued at about $206,000. Tectonic Advisors LLC boosted its position in shares of Stratus Properties by 18.8% during the 1st quarter. Tectonic Advisors LLC now owns 54,325 shares of the financial services provider's stock valued at $964,000 after purchasing an additional 8,609 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management grew its stake in shares of 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 purchasing an additional 19,122 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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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