Proficio Capital Partners LLC Makes New Investment in Seritage Growth Properties (NYSE:SRG)

Proficio Capital Partners LLC purchased a new position in shares of Seritage Growth Properties (NYSE:SRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,187 shares of the financial services provider’s stock, valued at approximately $223,000. Proficio Capital Partners LLC owned about 0.10% of Seritage Growth Properties at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its position in Seritage Growth Properties by 4.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock worth $991,000 after buying an additional 9,324 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of 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 purchasing an additional 233,530 shares during the period. Atom Investors LP acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth approximately $62,000. Bank of Montreal Can acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth approximately $4,640,000. Finally, Littlejohn & Co. LLC grew its stake in shares of Seritage Growth Properties by 11.7% during the 3rd 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 during the period. 78.93% of the stock is owned by hedge funds and other institutional investors.

Seritage Growth Properties Price Performance

Shares of NYSE SRG opened at $3.34 on Wednesday. The stock has a market capitalization of $187.65 million, a price-to-earnings ratio of -1.31 and a beta of 2.68. Seritage Growth Properties has a 12 month low of $3.28 and a 12 month high of $9.87. The firm’s 50 day simple moving average is $3.78 and its 200-day simple moving average is $4.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10.

About Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.