Anson Funds Management LP Has $2.20 Million Stock Position in Seritage Growth Properties (NYSE:SRG)

Anson Funds Management LP trimmed its holdings in shares of Seritage Growth Properties (NYSE:SRG - Free Report) by 44.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 474,011 shares of the financial services provider's stock after selling 381,025 shares during the period. Anson Funds Management LP owned approximately 0.84% of Seritage Growth Properties worth $2,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SRG. American Century Companies Inc. increased 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 valued at $250,000 after buying an additional 5,519 shares during the period. JBF Capital Inc. lifted its stake in shares of 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 worth $280,000 after acquiring an additional 10,000 shares during the period. Sei Investments Co. boosted its holdings in shares of Seritage Growth Properties by 5.9% in the second quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 2,700 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Seritage Growth Properties during the second quarter valued at approximately $48,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Seritage Growth Properties during the second quarter worth approximately $63,000. 78.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Seritage Growth Properties Price Performance

SRG stock traded down $0.01 during trading hours on Friday, hitting $4.47. 203,835 shares of the stock traded hands, compared to its average volume of 272,271. The stock has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $4.63. The company has a market cap of $251.52 million, a P/E ratio of -1.75 and a beta of 2.58. Seritage Growth Properties has a one year low of $3.63 and a one year high of $9.87. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67.

Seritage Growth Properties 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.