Stock Traders Buy High Volume of Call Options on Seritage Growth Properties (NYSE:SRG)

Seritage Growth Properties (NYSE:SRG - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 6,596 call options on the company. This represents an increase of approximately 203% compared to the average volume of 2,179 call options.

Insiders Place Their Bets

In other Seritage Growth Properties news, major shareholder Edward S. Lampert sold 17,790 shares of the business's stock in a transaction on Friday, January 12th. The shares were sold at an average price of $9.57, for a total value of $170,250.30. Following the transaction, the insider now owns 14,000,000 shares in the company, valued at approximately $133,980,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Edward S. Lampert sold 17,790 shares of the company's stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $9.57, for a total value of $170,250.30. Following the sale, the insider now owns 14,000,000 shares in the company, valued at approximately $133,980,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 25,655 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $9.76, for a total transaction of $250,392.80. Following the completion of the sale, the insider now owns 13,484,162 shares in the company, valued at approximately $131,605,421.12. The disclosure for this sale can be found here. Insiders have sold 515,557 shares of company stock worth $4,959,721 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seritage Growth Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in Seritage Growth Properties by 159.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 55,427 shares of the financial services provider's stock worth $518,000 after acquiring an additional 34,023 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Seritage Growth Properties by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,450 shares of the financial services provider's stock worth $454,000 after acquiring an additional 3,700 shares during the period. Legal & General Group Plc raised its stake in Seritage Growth Properties by 87.6% during the fourth quarter. Legal & General Group Plc now owns 39,711 shares of the financial services provider's stock worth $371,000 after acquiring an additional 18,539 shares during the period. Gamco Investors INC. ET AL raised its stake in Seritage Growth Properties by 4.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 255,573 shares of the financial services provider's stock worth $2,390,000 after acquiring an additional 10,550 shares during the period. Finally, Caxton Associates LP raised its stake in Seritage Growth Properties by 15.9% during the fourth quarter. Caxton Associates LP now owns 39,442 shares of the financial services provider's stock worth $369,000 after acquiring an additional 5,420 shares during the period. Institutional investors and hedge funds own 78.93% of the company's stock.

Seritage Growth Properties Stock Up 1.9 %

Shares of Seritage Growth Properties stock traded up $0.18 during trading on Tuesday, reaching $9.86. The company had a trading volume of 432,800 shares, compared to its average volume of 320,496. The company has a market cap of $554.03 million, a price-to-earnings ratio of -3.45 and a beta of 2.64. The firm's fifty day moving average is $9.42 and its 200-day moving average is $8.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 6.76 and a current ratio of 6.76. Seritage Growth Properties has a fifty-two week low of $7.07 and a fifty-two week high of $9.92.

About Seritage Growth Properties

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of.