Stratus Properties (NASDAQ:STRS) Stock Breaks Below 200-Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $25.11 and traded as low as $18.40. Stratus Properties shares last traded at $18.45, with a volume of 11,993 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Stratus Properties Price Performance

The firm’s 50-day moving average is $18.95 and its two-hundred day moving average is $25.06. The company has a market cap of $148.06 million, a P/E ratio of 7.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70.

Insider Activity at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $27.51, for a total value of $825,300.00. Following the sale, the insider directly owned 813,517 shares in the company, valued at $22,379,852.67. The trade was a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Stratus Properties stock. Rangeley Capital LLC acquired a new position in shares of Stratus Properties Inc. (NASDAQ:STRS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,546 shares of the financial services provider’s stock, valued at approximately $383,000. Rangeley Capital LLC owned about 0.16% of Stratus Properties at the end of the most recent reporting period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

About Stratus Properties

Stratus Properties Inc is a real estate development company headquartered in Austin, Texas. The company focuses on the acquisition, development, redevelopment, ownership and management of residential, commercial and mixed-use properties.

Stratus has historically concentrated its activities in the Austin metropolitan area and other select Texas markets. Its portfolio and development activities have included master-planned communities, single-family and multifamily residential projects, office and retail properties, and mixed-use developments designed to combine residential, business, retail and hospitality uses.

The company’s projects have included the Barton Creek community and other developments in the Austin area.