Stratus Properties (NASDAQ:STRS) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS - Free Report) from a sell rating to a hold rating in a research report released on Sunday morning.

Stratus Properties Stock Performance

STRS stock traded down $0.47 during trading hours on Friday, hitting $20.80. 32,684 shares of the stock were exchanged, compared to its average volume of 7,964. The company has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $25.18. The firm has a market capitalization of $168.19 million, a P/E ratio of 148.57 and a beta of 1.15. Stratus Properties has a 12 month low of $20.30 and a 12 month high of $30.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60.

Insider Activity

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total transaction of $48,049.25. Following the completion of the sale, the insider now owns 1,139,524 shares of the company's stock, valued at $30,846,914.68. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 3,859 shares of company stock worth $104,317. Corporate insiders own 9.30% of the company's stock.

Institutional Trading of Stratus Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake 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 worth $426,000 after purchasing an additional 997 shares during the last quarter. Tectonic Advisors LLC raised its holdings in shares of Stratus Properties by 4.7% during the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider's stock worth $1,065,000 after buying an additional 1,852 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider's stock worth $24,789,000 after buying an additional 2,516 shares during the last quarter. Hodges Capital Management Inc. grew its position in Stratus Properties by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider's stock valued at $4,612,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Stratus Properties by 3.8% in the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider's stock worth $3,630,000 after acquiring an additional 5,081 shares during the last quarter. Institutional investors 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.