State Street Corp Decreases Holdings in Seritage Growth Properties (NYSE:SRG)

State Street Corp decreased its stake in Seritage Growth Properties (NYSE:SRG) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,217 shares of the financial services provider’s stock after selling 51,940 shares during the quarter. State Street Corp owned approximately 0.35% of Seritage Growth Properties worth $912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC increased its stake in Seritage Growth Properties by 5.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,556,820 shares of the financial services provider’s stock worth $21,189,000 after buying an additional 233,530 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Seritage Growth Properties in the third quarter worth approximately $4,640,000. Littlejohn & Co. LLC increased its position in shares of Seritage Growth Properties by 11.7% during the third quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider’s stock worth $4,330,000 after purchasing an additional 97,211 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Seritage Growth Properties by 96.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock valued at $1,075,000 after purchasing an additional 113,488 shares during the last quarter. Finally, JBF Capital Inc. lifted its holdings in Seritage Growth Properties by 20.0% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Stock Up 1.0 %

Shares of NYSE SRG opened at $4.16 on Friday. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $4.26 and a 200 day moving average of $4.50. Seritage Growth Properties has a 12-month low of $3.63 and a 12-month high of $9.87. The stock has a market cap of $234.07 million, a PE ratio of -1.63 and a beta of 2.58.

Wall Street Analyst Weigh In

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

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.