Ameriprise Financial Inc. Buys 97,800 Shares of Seritage Growth Properties (NYSE:SRG)

Ameriprise Financial Inc. lifted its position in Seritage Growth Properties (NYSE:SRG - Free Report) by 61.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,200 shares of the financial services provider's stock after acquiring an additional 97,800 shares during the period. Ameriprise Financial Inc. owned approximately 0.46% of Seritage Growth Properties worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Seritage Growth Properties during the 4th quarter worth $223,000. Charles Schwab Investment Management Inc. lifted 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 valued at $938,000 after acquiring an additional 12,206 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 worth $276,000 after purchasing an additional 6,003 shares in the last quarter. Geode Capital Management LLC raised its holdings in Seritage Growth Properties by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider's stock worth $1,885,000 after acquiring an additional 18,528 shares in the last quarter. Finally, Yakira Capital Management Inc. increased its position in shares of Seritage Growth Properties by 9.9% during the 4th quarter. Yakira Capital Management Inc. now owns 1,008,499 shares of the financial services provider's stock worth $4,155,000 after purchasing an additional 90,636 shares during the last quarter. Institutional investors own 78.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Seritage Growth Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Seritage Growth Properties Stock Performance

Shares of SRG traded up $0.06 during midday trading on Tuesday, reaching $2.83. The stock had a trading volume of 89,803 shares, compared to its average volume of 294,525. The firm has a market cap of $159.12 million, a PE ratio of -1.11 and a beta of 2.38. The firm has a 50 day simple moving average of $2.87 and a 200-day simple moving average of $3.54. Seritage Growth Properties has a one year low of $2.43 and a one year high of $5.52. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.42) EPS for the quarter. The business had revenue of $4.60 million for the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%.

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.