Two Sigma Investments LP Purchases 145,648 Shares of Seritage Growth Properties (NYSE:SRG)

Two Sigma Investments LP grew its position in Seritage Growth Properties (NYSE:SRG - Free Report) by 241.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,872 shares of the financial services provider's stock after purchasing an additional 145,648 shares during the period. Two Sigma Investments LP owned approximately 0.37% of Seritage Growth Properties worth $848,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Sandia Investment Management LP bought a new stake in shares of Seritage Growth Properties in the fourth quarter valued at about $223,000. D. E. Shaw & Co. Inc. increased its position in shares of Seritage Growth Properties by 8.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 387,544 shares of the financial services provider's stock valued at $1,597,000 after acquiring an additional 29,538 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Seritage Growth Properties in the fourth quarter valued at about $145,000. Ameriprise Financial Inc. increased its position in shares of Seritage Growth Properties by 61.0% in the fourth quarter. Ameriprise Financial Inc. now owns 258,200 shares of the financial services provider's stock valued at $1,064,000 after acquiring an additional 97,800 shares during the last quarter. Finally, 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 acquiring an additional 11,856 shares during the last quarter. 78.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Seritage Growth Properties Price Performance

NYSE:SRG opened at $2.93 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The stock's 50-day simple moving average is $2.84 and its 200 day simple moving average is $3.51. The company has a market cap of $164.75 million, a P/E ratio of -1.15 and a beta of 2.41. Seritage Growth Properties has a 52-week low of $2.43 and a 52-week high of $5.52.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its earnings results 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 during the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%.

About Seritage Growth Properties

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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