Marshall Wace LLP Invests $850,000 in Seritage Growth Properties (NYSE:SRG)

Marshall Wace LLP bought a new stake in Seritage Growth Properties (NYSE:SRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 206,200 shares of the financial services provider's stock, valued at approximately $850,000. Marshall Wace LLP owned about 0.37% of Seritage Growth Properties at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Seritage Growth Properties during the 4th quarter valued at about $223,000. American Century Companies Inc. increased its position in Seritage Growth Properties by 9.8% during the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock worth $276,000 after purchasing an additional 6,003 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Seritage Growth Properties by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider's stock valued at $938,000 after purchasing an additional 12,206 shares during the last quarter. FIL Ltd boosted its holdings in shares of Seritage Growth Properties by 23.8% in the 4th quarter. FIL Ltd now owns 1,903,300 shares of the financial services provider's stock valued at $7,842,000 after purchasing an additional 366,108 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Seritage Growth Properties by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider's stock valued at $1,885,000 after buying an additional 18,528 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties Trading Up 0.5 %

Shares of SRG traded up $0.02 during trading hours on Tuesday, hitting $2.97. The stock had a trading volume of 12,169 shares, compared to its average volume of 231,875. Seritage Growth Properties has a 12-month low of $2.43 and a 12-month high of $9.51. The firm has a market cap of $167.00 million, a P/E ratio of -1.16 and a beta of 2.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The company's fifty day simple moving average is $3.09 and its 200 day simple moving average is $3.73.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.23) earnings per share for the quarter. The firm had revenue of $4.38 million during the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. During the same quarter in the prior year, the company earned $0.08 earnings per share.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.