Alyeska Investment Group L.P. Has $501,000 Holdings in SITE Centers Corp. (NYSE:SITC)

Alyeska Investment Group L.P. cut its stake in SITE Centers Corp. (NYSE:SITC - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,795 shares of the company's stock after selling 44,925 shares during the period. Alyeska Investment Group L.P. owned about 0.06% of SITE Centers worth $501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SITC. Graham Capital Wealth Management LLC acquired a new position in SITE Centers in the fourth quarter worth $2,226,000. Advisors Preferred LLC bought a new stake in SITE Centers during the 4th quarter worth about $2,517,000. Geode Capital Management LLC increased its position in SITE Centers by 18.4% in the 4th quarter. Geode Capital Management LLC now owns 1,412,163 shares of the company's stock valued at $21,595,000 after acquiring an additional 219,636 shares in the last quarter. Amundi raised its stake in shares of SITE Centers by 44.8% in the fourth quarter. Amundi now owns 49,206 shares of the company's stock worth $736,000 after acquiring an additional 15,227 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of SITE Centers by 287.1% during the fourth quarter. Assetmark Inc. now owns 89,705 shares of the company's stock worth $1,372,000 after purchasing an additional 66,529 shares in the last quarter. Institutional investors own 88.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company lowered their target price on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, StockNews.com cut SITE Centers from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, SITE Centers has a consensus rating of "Hold" and an average price target of $35.25.

SITE Centers Stock Down 0.2 %

Shares of SITC traded down $0.02 on Friday, hitting $12.03. The company's stock had a trading volume of 561,246 shares, compared to its average volume of 904,358. The firm's fifty day moving average price is $12.21 and its 200-day moving average price is $14.28. SITE Centers Corp. has a fifty-two week low of $10.46 and a fifty-two week high of $64.44. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $630.91 million, a price-to-earnings ratio of 0.88 and a beta of 1.32.

SITE Centers (NYSE:SITC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $40.35 million for the quarter, compared to the consensus estimate of $33.50 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The firm's revenue was down 66.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. On average, equities research analysts expect that SITE Centers Corp. will post 3.24 EPS for the current year.

SITE Centers Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.