Caption Management LLC Reduces Position in Seritage Growth Properties $SRG

Key Points

• Caption Management LLC significantly reduced its position in Seritage Growth Properties, selling 138,824 shares and holding only 11,076 shares, valued at $36,000.
• Several institutional investors have modified their holdings in Seritage, with Tabor Asset Management LP acquiring a new stake valued at approximately $3,353,000.
• Analysts have upgraded Seritage Growth Properties from a "sell" to a "hold" rating, indicating a more cautious outlook on the stock.

Caption Management LLC trimmed its position in shares of Seritage Growth Properties (NYSE:SRG - Free Report) by 92.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,076 shares of the financial services provider's stock after selling 138,824 shares during the period. Caption Management LLC's holdings in Seritage Growth Properties were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new stake in shares of Seritage Growth Properties during the 1st quarter valued at $127,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Seritage Growth Properties by 51.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 686,994 shares of the financial services provider's stock valued at $2,219,000 after acquiring an additional 232,382 shares in the last quarter. Groupe la Francaise purchased a new position in Seritage Growth Properties during the first quarter valued at $2,002,000. Proficio Capital Partners LLC grew its stake in Seritage Growth Properties by 42.1% during the first quarter. Proficio Capital Partners LLC now owns 76,987 shares of the financial services provider's stock valued at $229,000 after acquiring an additional 22,800 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new position in shares of Seritage Growth Properties in the 1st quarter worth $3,353,000. 78.93% of the stock is currently owned by institutional investors.

Seritage Growth Properties Price Performance

Shares of NYSE:SRG traded up $0.06 on Friday, reaching $3.73. The company's stock had a trading volume of 121,018 shares, compared to its average volume of 123,238. Seritage Growth Properties has a 52-week low of $2.43 and a 52-week high of $4.77. The company has a market cap of $210.09 million, a P/E ratio of -2.35 and a beta of 2.32. The company has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $3.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 11.03 and a current ratio of 11.03.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.53) EPS for the quarter. Seritage Growth Properties had a negative return on equity of 21.55% and a negative net margin of 497.67%.The business had revenue of $4.65 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Seritage Growth Properties from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th.

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.