Tabor Asset Management LP acquired a new position in shares of Seritage Growth Properties (NYSE:SRG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,038,021 shares of the financial services provider's stock, valued at approximately $3,353,000. Tabor Asset Management LP owned 1.84% of Seritage Growth Properties at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of SRG. Renaissance Technologies LLC bought a new position in Seritage Growth Properties during the 4th quarter worth $49,000. XTX Topco Ltd acquired a new position in Seritage Growth Properties during the 4th quarter worth about $60,000. Cubist Systematic Strategies LLC acquired a new stake in Seritage Growth Properties during the fourth quarter worth approximately $145,000. Proficio Capital Partners LLC bought a new stake in Seritage Growth Properties in the 4th quarter valued at about $223,000. Finally, Sandia Investment Management LP bought a new stake in Seritage Growth Properties in the 4th quarter valued at about $223,000. Institutional investors own 78.93% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Seritage Growth Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Report on Seritage Growth Properties
Seritage Growth Properties Price Performance
NYSE SRG traded up $0.04 during trading on Monday, reaching $3.26. The company's stock had a trading volume of 1,347 shares, compared to its average volume of 254,302. The stock has a market capitalization of $183.84 million, a PE ratio of -1.13 and a beta of 2.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 10.67 and a quick ratio of 10.67. Seritage Growth Properties has a one year low of $2.43 and a one year high of $5.25. The firm has a fifty day moving average of $2.97 and a 200 day moving average of $3.24.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last posted its earnings results on Thursday, May 15th. The financial services provider reported ($0.42) earnings per share for the quarter. Seritage Growth Properties had a negative return on equity of 17.07% and a negative net margin of 953.02%. The firm had revenue of $4.60 million for the quarter.
About Seritage Growth Properties
(
Free Report)
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.
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