Bank of Montreal Can purchased a new position in Seritage Growth Properties (NYSE:SRG - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,000,000 shares of the financial services provider's stock, valued at approximately $4,640,000. Bank of Montreal Can owned about 1.78% of Seritage Growth Properties as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in shares of 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 period. Littlejohn & Co. LLC grew its position in shares of Seritage Growth Properties by 11.7% in the 3rd quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider's stock valued at $4,330,000 after buying an additional 97,211 shares during the last quarter. Vanguard Group Inc. boosted its position in Seritage Growth Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,571,109 shares of the financial services provider's stock valued at $34,461,000 after acquiring an additional 22,441 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seritage Growth Properties in the 2nd quarter valued at about $63,000. Finally, AQR Capital Management LLC bought a new position in shares of Seritage Growth Properties in the second quarter valued at approximately $48,000. Institutional investors own 78.93% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Seritage Growth Properties to a "sell" rating in a research report on Thursday, October 24th.
Read Our Latest Analysis on Seritage Growth Properties
Seritage Growth Properties Stock Down 1.1 %
Seritage Growth Properties stock traded down $0.05 during trading hours on Wednesday, hitting $4.54. 217,386 shares of the stock traded hands, compared to its average volume of 405,000. 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 firm's 50-day moving average price is $4.37 and its two-hundred day moving average price is $4.66. 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 $255.46 million, a PE ratio of -1.78 and a beta of 2.58.
About Seritage Growth Properties
(
Free Report)
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.
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