Tabor Asset Management LP Takes Position in Seritage Growth Properties (NYSE:SRG)

Tabor Asset Management LP acquired a new position in Seritage Growth Properties (NYSE:SRG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,038,021 shares of the financial services provider's stock, valued at approximately $3,353,000. Tabor Asset Management LP owned about 1.84% of Seritage Growth Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Two Sigma Investments LP raised its stake in Seritage Growth Properties by 241.8% during the 4th quarter. Two Sigma Investments LP now owns 205,872 shares of the financial services provider's stock worth $848,000 after acquiring an additional 145,648 shares during the period. Ameriprise Financial Inc. raised its stake in Seritage Growth Properties by 61.0% during the 4th quarter. Ameriprise Financial Inc. now owns 258,200 shares of the financial services provider's stock worth $1,064,000 after acquiring an additional 97,800 shares during the period. Northern Trust Corp raised its stake in Seritage Growth Properties by 6.0% during the 4th quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock worth $397,000 after acquiring an additional 5,480 shares during the period. American Century Companies Inc. raised its stake in 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 worth $276,000 after acquiring an additional 6,003 shares during the period. Finally, Marshall Wace LLP bought a new stake in Seritage Growth Properties during the 4th quarter worth approximately $850,000. Institutional investors own 78.93% of the company's stock.

Seritage Growth Properties Price Performance

Shares of Seritage Growth Properties stock traded up $0.09 on Thursday, hitting $3.40. 47,162 shares of the company traded hands, compared to its average volume of 181,942. The stock has a market capitalization of $191.22 million, a P/E ratio of -1.18 and a beta of 2.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 10.67 and a current ratio of 10.67. Seritage Growth Properties has a 52 week low of $2.43 and a 52 week high of $5.25. The business has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $3.23.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $4.60 million for the quarter. Seritage Growth Properties had a negative net margin of 953.02% and a negative return on equity of 17.07%.

Analysts Set New Price Targets

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

Seritage Growth Properties Company 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.