Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 44,323 Shares of Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 44,323 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $29.98, for a total transaction of $1,328,803.54. Following the completion of the sale, the insider owned 1,031,741 shares in the company, valued at $30,931,595.18. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Monday, April 20th, Oasis Management Co Ltd. sold 4,483 shares of Stratus Properties stock. The shares were sold at an average price of $30.02, for a total transaction of $134,579.66.
• On Thursday, April 16th, Oasis Management Co Ltd. sold 29,788 shares of Stratus Properties stock. The shares were sold at an average price of $30.07, for a total transaction of $895,725.16.
• On Wednesday, April 15th, Oasis Management Co Ltd. sold 10,243 shares of Stratus Properties stock. The shares were sold at an average price of $30.30, for a total transaction of $310,362.90.
• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The shares were sold at an average price of $30.08, for a total transaction of $94,691.84.
• On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $283,598.00.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The shares were sold at an average price of $30.11, for a total transaction of $163,105.87.

Stratus Properties Price Performance

Shares of NASDAQ:STRS opened at $29.97 on Wednesday. The firm’s 50 day moving average is $30.25 and its two-hundred day moving average is $25.57. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $32.93. The firm has a market capitalization of $239.25 million, a P/E ratio of 20.53 and a beta of 1.20. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.41.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%. The company had revenue of $8.30 million for the quarter.

Analyst Ratings Changes

A number of research firms recently commented on STRS. Wall Street Zen upgraded shares of Stratus Properties from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Stratus Properties has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after buying an additional 13,600 shares in the last quarter. Nuveen LLC bought a new stake in Stratus Properties during the fourth quarter worth approximately $206,000. Vanguard Group Inc. boosted its holdings in Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after buying an additional 7,994 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in Stratus Properties by 12.4% during the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 6,512 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

About Stratus Properties

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.