GABELLI & Co INVESTMENT ADVISERS INC. Sells 279,278 Shares of Seritage Growth Properties (NYSE:SRG)

GABELLI & Co INVESTMENT ADVISERS INC. cut its stake in Seritage Growth Properties (NYSE:SRG - Free Report) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,612 shares of the financial services provider's stock after selling 279,278 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.81% of Seritage Growth Properties worth $1,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SRG. Renaissance Technologies LLC bought a new position in Seritage Growth Properties during the fourth quarter valued at about $49,000. XTX Topco Ltd acquired a new position in shares of Seritage Growth Properties in the 4th quarter worth $60,000. Proficio Capital Partners LLC acquired a new position in shares of Seritage Growth Properties in the 4th quarter valued at $223,000. American Century Companies Inc. increased its stake in Seritage Growth Properties by 9.8% in the 4th quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock worth $276,000 after purchasing an additional 6,003 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Seritage Growth Properties by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider's stock worth $938,000 after buying an additional 12,206 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Seritage Growth Properties Trading Up 3.0 %

Shares of Seritage Growth Properties stock traded up $0.09 during trading on Friday, hitting $2.89. The stock had a trading volume of 261,588 shares, compared to its average volume of 364,251. Seritage Growth Properties has a 1 year low of $2.43 and a 1 year high of $9.54. The stock has a 50 day simple moving average of $3.27 and a 200 day simple moving average of $3.85. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $162.50 million, a PE ratio of -1.13 and a beta of 2.28.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last released its earnings results on Monday, March 31st. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $4.38 million during the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. During the same period in the prior year, the firm earned $0.08 EPS.

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.