Boothbay Fund Management LLC Cuts Stock Holdings in Seritage Growth Properties (NYSE:SRG)

Boothbay Fund Management LLC reduced its position in shares of Seritage Growth Properties (NYSE:SRG - Free Report) by 65.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,111 shares of the financial services provider's stock after selling 599,997 shares during the period. Boothbay Fund Management LLC owned 0.55% of Seritage Growth Properties worth $1,286,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Seritage Growth Properties by 9.8% during the 4th quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock valued at $276,000 after buying an additional 6,003 shares during the period. Harbor Capital Advisors Inc. raised its position in Seritage Growth Properties by 4.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider's stock valued at $991,000 after purchasing an additional 9,324 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Seritage Growth Properties in the 4th quarter valued at $49,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Seritage Growth Properties by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider's stock worth $938,000 after purchasing an additional 12,206 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Seritage Growth Properties in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 78.93% of the company's stock.

Seritage Growth Properties Trading Up 1.0 %

SRG stock traded up $0.03 during mid-day trading on Friday, hitting $3.02. 172,418 shares of the company were exchanged, 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 firm has a market capitalization of $170.10 million, a P/E ratio of -1.18 and a beta of 2.38. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $3.74. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67.

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

Seritage Growth Properties 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.