Seritage Growth Properties (NYSE:SRG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in Seritage Growth Properties (NYSE:SRG) by 45.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,289 shares of the financial services provider’s stock after selling 9,446 shares during the period. Quantbot Technologies LP’s holdings in Seritage Growth Properties were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. raised its holdings in Seritage Growth Properties by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 5,519 shares during the last quarter. JBF Capital Inc. increased its holdings in shares of Seritage Growth Properties by 20.0% in the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,000 shares during the last quarter. Sei Investments Co. lifted its position in Seritage Growth Properties by 5.9% during the second quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,700 shares in the last quarter. AQR Capital Management LLC acquired a new position in Seritage Growth Properties during the second quarter worth $48,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Seritage Growth Properties in the 2nd quarter valued at $63,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Seritage Growth Properties to a “sell” rating in a report on Thursday, October 24th.

Seritage Growth Properties Stock Performance

Seritage Growth Properties stock opened at $4.47 on Friday. The firm has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $4.64. The stock has a market cap of $251.53 million, a price-to-earnings ratio of -1.75 and a beta of 2.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10. Seritage Growth Properties has a 1-year low of $3.63 and a 1-year high of $9.87.

Seritage Growth Properties Company Profile

Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.