Groupe la Francaise Makes New $2 Million Investment in Seritage Growth Properties $SRG

Key Points

• Groupe la Francaise has acquired a new stake in Seritage Growth Properties, purchasing 619,871 shares valued at approximately $2 million, giving it a 1.10% ownership in the company.
• A number of institutional investors have recently increased their positions in Seritage Growth Properties, with Price T Rowe Associates raising its stake by 63.4% during the fourth quarter.
• Despite recent investments, Seritage Growth Properties reported negative earnings per share of ($0.53) and a negative net margin of 497.67% in their latest quarterly results.

Groupe la Francaise bought a new position in shares of Seritage Growth Properties (NYSE:SRG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 619,871 shares of the financial services provider's stock, valued at approximately $2,002,000. Groupe la Francaise owned about 1.10% of Seritage Growth Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SRG. Renaissance Technologies LLC acquired a new stake in shares of Seritage Growth Properties in the fourth quarter valued at about $49,000. XTX Topco Ltd bought a new position in Seritage Growth Properties during the fourth quarter worth about $60,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth approximately $145,000. Sandia Investment Management LP acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth approximately $223,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of 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 worth $229,000 after buying an additional 22,800 shares in the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Stock Up 0.8%

SRG traded up $0.03 during trading on Thursday, hitting $3.67. The company had a trading volume of 37,399 shares, compared to its average volume of 176,089. The firm's 50-day moving average price is $3.16 and its 200 day moving average price is $3.13. The company has a quick ratio of 11.03, a current ratio of 11.03 and a debt-to-equity ratio of 0.57. Seritage Growth Properties has a one year low of $2.43 and a one year high of $4.84. The company has a market capitalization of $206.73 million, a PE ratio of -2.31 and a beta of 2.48.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last issued its quarterly earnings results 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 for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Seritage Growth Properties from a "sell" rating to a "hold" rating in a report 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.