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Tabor Asset Management LP Purchases Shares of 1,038,021 Seritage Growth Properties (NYSE:SRG)

Seritage Growth Properties logo with Finance background

Tabor Asset Management LP purchased a new stake in Seritage Growth Properties (NYSE:SRG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,038,021 shares of the financial services provider's stock, valued at approximately $3,353,000. Seritage Growth Properties comprises 1.3% of Tabor Asset Management LP's holdings, making the stock its 23rd biggest holding. Tabor Asset Management LP owned about 1.84% of Seritage Growth Properties at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its position in Seritage Growth Properties by 6.0% during the fourth quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock valued at $397,000 after acquiring an additional 5,480 shares in the last quarter. American Century Companies Inc. increased its position in shares of Seritage Growth Properties by 9.8% in the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock valued at $276,000 after buying an additional 6,003 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Seritage Growth Properties in the fourth quarter valued at approximately $49,000. Fifth Lane Capital LP increased its position in shares of Seritage Growth Properties by 14.9% in the fourth quarter. Fifth Lane Capital LP now owns 91,428 shares of the financial services provider's stock valued at $377,000 after buying an additional 11,856 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Seritage Growth Properties by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider's stock valued at $938,000 after buying an additional 12,206 shares in the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties Price Performance

Shares of NYSE:SRG traded up $0.01 during trading on Friday, reaching $3.31. The stock had a trading volume of 4,407 shares, compared to its average volume of 256,577. Seritage Growth Properties has a 1-year low of $2.43 and a 1-year high of $5.41. 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 stock has a market cap of $186.21 million, a PE ratio of -1.15 and a beta of 2.39. The business has a fifty day moving average price of $2.96 and a 200-day moving average price of $3.26.

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

Analyst Upgrades and Downgrades

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

Read Our Latest Stock 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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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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