SG Americas Securities LLC Purchases 11,812 Shares of SITE Centers Corp. (NYSE:SITC)

SG Americas Securities LLC boosted its holdings in shares of SITE Centers Corp. (NYSE:SITC) by 72.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,130 shares of the company’s stock after buying an additional 11,812 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of SITE Centers worth $430,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in SITE Centers by 19.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,157 shares of the company’s stock worth $19,612,000 after purchasing an additional 53,412 shares in the last quarter. Soros Fund Management LLC acquired a new stake in SITE Centers during the 3rd quarter worth about $3,025,000. Meeder Asset Management Inc. purchased a new stake in SITE Centers during the 3rd quarter valued at about $2,596,000. Virtu Financial LLC acquired a new position in shares of SITE Centers in the third quarter valued at about $2,399,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of SITE Centers during the fourth quarter worth about $606,000. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In other SITE Centers news, CEO David R. Lukes sold 168,895 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $15.39, for a total transaction of $2,599,294.05. Following the transaction, the chief executive officer now owns 136,008 shares of the company’s stock, valued at approximately $2,093,163.12. The trade was a 55.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dawn M. Sweeney sold 3,768 shares of SITE Centers stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.54, for a total value of $58,554.72. Following the transaction, the director now owns 29,082 shares in the company, valued at approximately $451,934.28. This represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,457 shares of company stock worth $2,791,693. Insiders own 10.10% of the company’s stock.

SITE Centers Stock Performance

NYSE:SITC opened at $14.99 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. The company has a fifty day moving average of $15.31 and a two-hundred day moving average of $61.12. The stock has a market capitalization of $786.14 million, a PE ratio of 1.10 and a beta of 1.61. SITE Centers Corp. has a fifty-two week low of $14.55 and a fifty-two week high of $32.22.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of SITE Centers from $17.50 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Piper Sandler reduced their target price on shares of SITE Centers from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Citigroup decreased their target price on shares of SITE Centers from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Compass Point cut their price target on SITE Centers from $64.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com assumed coverage on SITE Centers in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.75.

SITE Centers Company Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.