Marshall Wace LLP acquired a new position in shares of Seritage Growth Properties (NYSE:SRG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 206,200 shares of the financial services provider's stock, valued at approximately $850,000. Marshall Wace LLP owned approximately 0.37% of Seritage Growth Properties as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Seritage Growth Properties during the fourth quarter worth about $49,000. XTX Topco Ltd purchased a new position in shares of Seritage Growth Properties during the fourth quarter worth about $60,000. Proficio Capital Partners LLC bought a new position in shares of Seritage Growth Properties in the fourth quarter worth approximately $223,000. American Century Companies Inc. raised its stake in Seritage Growth Properties by 9.8% in the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 6,003 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 worth $938,000 after buying an additional 12,206 shares in the last quarter. 78.93% of the stock is owned by hedge funds and other institutional investors.
Seritage Growth Properties Price Performance
Shares of NYSE:SRG traded up $0.03 during trading on Friday, reaching $3.02. The company had a trading volume of 172,418 shares, compared to its average volume of 361,911. Seritage Growth Properties has a 12 month low of $2.43 and a 12 month high of $9.51. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $170.10 million, a P/E ratio of -1.18 and a beta of 2.38. The company has a fifty day moving average of $3.10 and a two-hundred day moving average of $3.74.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its earnings results on Monday, March 31st. The financial services provider reported ($0.23) EPS for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. The firm had revenue of $4.38 million during the quarter. During the same quarter in the previous year, the company posted $0.08 earnings per share.
Seritage Growth Properties Profile
(
Free Report)
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.
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