Seritage Growth Properties (NYSE:SRG) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 3.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 438,940 shares of the financial services provider’s stock after selling 14,848 shares during the quarter. Geode Capital Management LLC owned about 0.78% of Seritage Growth Properties worth $2,042,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its position in shares of Seritage Growth Properties by 5.9% during the 2nd 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 during the last quarter. American Century Companies Inc. raised its stake in Seritage Growth Properties by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 5,519 shares in the last quarter. nVerses Capital LLC purchased a new stake in Seritage Growth Properties in the third quarter valued at $30,000. JBF Capital Inc. boosted its stake in 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 acquiring an additional 10,000 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Seritage Growth Properties during the second quarter worth about $48,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Stock Down 1.5 %

Shares of Seritage Growth Properties stock opened at $3.98 on Thursday. Seritage Growth Properties has a one year low of $3.63 and a one year high of $9.87. The company has a market cap of $223.95 million, a P/E ratio of -1.56 and a beta of 2.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The firm has a fifty day moving average of $4.24 and a two-hundred day moving average of $4.48.

Analysts Set New Price Targets

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

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.