Tabor Asset Management LP bought a new stake in shares of Seritage Growth Properties (NYSE:SRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,038,021 shares of the financial services provider's stock, valued at approximately $3,353,000. Seritage Growth Properties accounts for 1.3% of Tabor Asset Management LP's holdings, making the stock its 23rd biggest holding. Tabor Asset Management LP owned approximately 1.84% of Seritage Growth Properties at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Seritage Growth Properties during the fourth quarter valued at approximately $49,000. XTX Topco Ltd purchased a new stake in shares of Seritage Growth Properties in the fourth quarter worth $60,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Seritage Growth Properties in the fourth quarter worth $145,000. Proficio Capital Partners LLC purchased a new stake in shares of Seritage Growth Properties in the fourth quarter worth $223,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Seritage Growth Properties in the fourth quarter worth $223,000. 78.93% of the stock is currently owned by institutional investors.
Seritage Growth Properties Price Performance
Shares of NYSE SRG traded up $0.06 during midday trading on Monday, reaching $3.28. The stock had a trading volume of 6,219 shares, compared to its average volume of 254,330. Seritage Growth Properties has a 12-month low of $2.43 and a 12-month high of $5.25. The stock has a 50-day moving average of $2.97 and a 200-day moving average of $3.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 10.67 and a current ratio of 10.67. The company has a market capitalization of $184.46 million, a price-to-earnings ratio of -1.14 and a beta of 2.39.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its earnings results on Thursday, May 15th. The financial services provider reported ($0.42) EPS for the quarter. Seritage Growth Properties had a negative return on equity of 17.07% and a negative net margin of 953.02%. The company had revenue of $4.60 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 Thursday, May 22nd.
Read Our Latest Research Report on SRG
Seritage Growth Properties Profile
(
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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