Stratus Properties Inc. (NASDAQ:STRS) Short Interest Down 16.5% in December

Stratus Properties Inc. (NASDAQ:STRS) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 65,400 shares, a drop of 16.5% from the December 15th total of 78,300 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 6.7 days. Currently, 1.0% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the stock in a transaction that occurred on 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,859 shares of company stock valued at $104,317 over the last three months. Company insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently made changes to their positions in the company. 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 valued at $3,630,000 after purchasing an additional 5,081 shares in the last quarter. Barclays PLC raised its position in Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after buying an additional 5,411 shares during the period. Hodges Capital Management Inc. lifted its stake in Stratus Properties by 1.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after acquiring an additional 3,195 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Stratus Properties by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 997 shares during the period. Finally, Ingalls & Snyder LLC grew its stake in Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after acquiring an additional 2,516 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Stratus Properties from a “sell” rating to a “hold” rating in a research report on Sunday, December 22nd.

Stratus Properties Trading Up 0.1 %

Shares of NASDAQ STRS traded up $0.02 during mid-day trading on Thursday, hitting $19.63. 8,031 shares of the company traded hands, compared to its average volume of 8,303. The business has a 50 day moving average of $23.30 and a two-hundred day moving average of $24.59. The stock has a market capitalization of $158.81 million, a price-to-earnings ratio of 140.21 and a beta of 1.18. Stratus Properties has a 1 year low of $18.28 and a 1 year high of $30.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60.

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.