Gamco Investors INC. ET AL Has $1.90 Million Position in Seritage Growth Properties (NYSE:SRG)

Gamco Investors INC. ET AL grew its stake in shares of Seritage Growth Properties (NYSE:SRGFree Report) by 2.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 245,023 shares of the financial services provider’s stock after purchasing an additional 6,050 shares during the period. Gamco Investors INC. ET AL owned about 0.44% of Seritage Growth Properties worth $1,896,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc bought a new stake in Seritage Growth Properties during the 3rd quarter worth approximately $60,000. Tower Research Capital LLC TRC bought a new position in shares of Seritage Growth Properties in the first quarter valued at approximately $56,000. Barclays PLC bought a new position in shares of Seritage Growth Properties in the second quarter valued at approximately $63,000. State of Wyoming bought a new position in shares of Seritage Growth Properties in the fourth quarter valued at approximately $97,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Seritage Growth Properties in the second quarter valued at approximately $91,000. 41.96% of the stock is owned by institutional investors.

Seritage Growth Properties Price Performance

SRG stock opened at $9.53 on Friday. The company has a quick ratio of 5.86, a current ratio of 5.86 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $9.34 and a 200-day moving average of $8.52. Seritage Growth Properties has a 12-month low of $7.07 and a 12-month high of $12.58.

Seritage Growth Properties (NYSE:SRGGet Free Report) last released its earnings results on Wednesday, November 8th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $5.05 million during the quarter. Seritage Growth Properties had a negative net margin of 191.41% and a positive return on equity of 6.13%.

Insider Buying and Selling at Seritage Growth Properties

In related news, major shareholder Edward S. Lampert sold 7,599 shares of Seritage Growth Properties stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $9.18, for a total value of $69,758.82. Following the completion of the sale, the insider now owns 14,864,951 shares of the company’s stock, valued at approximately $136,460,250.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Edward S. Lampert sold 17,880 shares of Seritage Growth Properties stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $9.13, for a total value of $163,244.40. Following the completion of the transaction, the insider now directly owns 14,826,832 shares in the company, valued at approximately $135,368,976.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 7,599 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $9.18, for a total value of $69,758.82. Following the sale, the insider now owns 14,864,951 shares in the company, valued at approximately $136,460,250.18. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,570 shares of company stock valued at $61,368 and sold 717,303 shares valued at $6,710,688. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised Seritage Growth Properties to a “sell” rating in a report on Monday, November 13th.

Check Out Our Latest Stock Report on SRG

Seritage Growth Properties Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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