SG Americas Securities LLC boosted its position in Seritage Growth Properties (NYSE:SRG – Get Rating) by 81.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,834 shares of the financial services provider’s stock after buying an additional 12,921 shares during the quarter. SG Americas Securities LLC’s holdings in Seritage Growth Properties were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in SRG. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Seritage Growth Properties by 58.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,505 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 7,540 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Seritage Growth Properties by 134.1% in the first quarter. Nisa Investment Advisors LLC now owns 41,200 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 23,600 shares during the period. Levin Capital Strategies L.P. purchased a new stake in shares of Seritage Growth Properties during the 1st quarter valued at approximately $418,000. Towerview LLC bought a new position in Seritage Growth Properties in the 1st quarter worth approximately $760,000. Finally, Swiss National Bank grew its stake in Seritage Growth Properties by 7.3% in the 1st quarter. Swiss National Bank now owns 92,838 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 6,300 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.
Seritage Growth Properties Stock Up 0.9 %
Shares of NYSE SRG opened at $11.63 on Monday. The business has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $9.93. Seritage Growth Properties has a 52 week low of $4.90 and a 52 week high of $15.90. The company has a market cap of $507.44 million, a P/E ratio of -5.24 and a beta of 2.80. The company has a quick ratio of 5.92, a current ratio of 5.92 and a debt-to-equity ratio of 2.30.
Analyst Upgrades and Downgrades
Insider Transactions at Seritage Growth Properties
In related news, major shareholder Edward S. Lampert sold 32,948 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $9.72, for a total transaction of $320,254.56. Following the sale, the insider now owns 16,208,449 shares of the company’s stock, valued at approximately $157,546,124.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Edward S. Lampert sold 32,948 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $9.72, for a total transaction of $320,254.56. Following the completion of the transaction, the insider now directly owns 16,208,449 shares in the company, valued at $157,546,124.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Edward S. Lampert sold 52,085 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $9.53, for a total value of $496,370.05. Following the completion of the transaction, the insider now owns 15,973,349 shares in the company, valued at $152,226,015.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,950 shares of company stock valued at $1,595,764. 10.10% of the stock is currently owned by corporate insiders.
Seritage Growth Properties Company Profile
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.
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