SITE Centers Corp. (NYSE:SITC) Holdings Trimmed by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in SITE Centers Corp. (NYSE:SITC - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,123 shares of the company's stock after selling 24,846 shares during the period. Fisher Asset Management LLC owned approximately 0.56% of SITE Centers worth $4,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SITC. Graham Capital Wealth Management LLC acquired a new position in SITE Centers during the 4th quarter worth approximately $2,226,000. Advisors Preferred LLC acquired a new position in SITE Centers during the 4th quarter worth approximately $2,517,000. Meeder Asset Management Inc. acquired a new position in SITE Centers during the 3rd quarter worth approximately $2,596,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in SITE Centers by 19.7% during 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 acquiring an additional 53,412 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in SITE Centers during the 4th quarter worth approximately $606,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David R. Lukes sold 168,895 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 136,008 shares in the company, valued at $2,093,163.12. This represents a 55.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawn M. Sweeney sold 3,768 shares of the company's 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 of the company's stock, valued at approximately $451,934.28. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,457 shares of company stock worth $2,791,693 in the last three months. 10.10% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup reduced their price target on SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Piper Sandler cut their target price on SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their target price on SITE Centers from $17.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com lowered SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.61.

SITE Centers Stock Performance

Shares of NYSE SITC traded up $0.20 during trading on Friday, reaching $13.26. The stock had a trading volume of 1,082,792 shares, compared to its average volume of 827,998. SITE Centers Corp. has a one year low of $12.92 and a one year high of $32.22. 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 stock has a market cap of $694.96 million, a PE ratio of 0.97 and a beta of 1.66. The firm's 50 day moving average price is $14.84 and its two-hundred day moving average price is $25.03.

SITE Centers (NYSE:SITC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The firm had revenue of $32.87 million during the quarter, compared to the consensus estimate of $43.58 million. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. On average, research analysts forecast that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

SITE Centers 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.