Stratus Properties (NASDAQ:STRS) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.72 and traded as low as $22.81. Stratus Properties shares last traded at $23.89, with a volume of 5,910 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Stratus Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, August 13th.

Stratus Properties Price Performance

The stock has a market cap of $186.17 million, a price-to-earnings ratio of -39.07 and a beta of 1.10. The company has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $24.72. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its earnings results on Tuesday, August 13th. The financial services provider reported ($0.21) EPS for the quarter. Stratus Properties had a negative return on equity of 0.30% and a negative net margin of 2.05%. The business had revenue of $8.49 million for the quarter.

Insider Buying and Selling at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 2,791 shares of the firm's stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $29.00, for a total transaction of $80,939.00. Following the completion of the sale, the insider now directly owns 1,147,378 shares in the company, valued at $33,273,962. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 4,921 shares of company stock worth $141,632 over the last 90 days. Company insiders own 9.30% of the company's stock.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider's stock valued at $248,000 after buying an additional 525 shares during the period. Tectonic Advisors LLC increased its stake in Stratus Properties by 1.5% in the first quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider's stock valued at $838,000 after acquiring an additional 528 shares during the last quarter. Bank of New York Mellon Corp raised its position in Stratus Properties by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 997 shares in the last quarter. Vanguard Group Inc. lifted its stake in Stratus Properties by 0.3% during the first quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider's stock worth $9,328,000 after purchasing an additional 1,155 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Stratus Properties by 75.4% in the 1st quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

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.