Charles Schwab Investment Management Inc. Sells 4,811 Shares of Seritage Growth Properties (NYSE:SRG)

Charles Schwab Investment Management Inc. lessened its stake in shares of Seritage Growth Properties (NYSE:SRG) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,559 shares of the financial services provider’s stock after selling 4,811 shares during the period. Charles Schwab Investment Management Inc. owned about 0.38% of Seritage Growth Properties worth $1,002,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in shares of Seritage Growth Properties by 96.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock worth $1,075,000 after purchasing an additional 113,488 shares in the last quarter. JBF Capital Inc. raised its position in Seritage Growth Properties by 20.0% during the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 10,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Seritage Growth Properties by 11.5% in the second 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. Sei Investments Co. lifted its stake in Seritage Growth Properties by 5.9% in the second quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Seritage Growth Properties in the 2nd quarter valued at about $63,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Seritage Growth Properties Stock Performance

SRG opened at $4.13 on Wednesday. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. Seritage Growth Properties has a 12-month low of $3.63 and a 12-month high of $9.87. The business has a 50 day moving average of $4.33 and a 200-day moving average of $4.58. The stock has a market cap of $232.39 million, a price-to-earnings ratio of -1.62 and a beta of 2.58.

About Seritage Growth Properties

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.