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

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

A number of other institutional investors have also made changes to their positions in the stock. KBC Group NV increased its holdings in SITE Centers by 170.4% during the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after purchasing an additional 2,193 shares in the last quarter. Covestor Ltd grew its position in shares of SITE Centers by 483.2% in the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock valued at $57,000 after acquiring an additional 3,112 shares during the period. Van ECK Associates Corp increased its stake in shares of SITE Centers by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock worth $138,000 after purchasing an additional 833 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SITE Centers in the 4th quarter valued at about $148,000. Finally, Baader Bank Aktiengesellschaft bought a new position in SITE Centers during the fourth quarter worth about $163,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SITE Centers Price Performance

Shares of SITE Centers stock traded up $0.47 during trading on Monday, reaching $12.52. 56,864 shares of the company's stock were exchanged, compared to its average volume of 903,052. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. SITE Centers Corp. has a 1-year low of $10.46 and a 1-year high of $64.44. The company has a market cap of $656.35 million, a P/E ratio of 0.92 and a beta of 1.32. The firm's 50-day moving average price is $12.21 and its 200 day moving average price is $14.24.

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

About SITE Centers

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.