Graham Capital Wealth Management LLC Acquires New Shares in SITE Centers Corp. (NYSE:SITC)

Graham Capital Wealth Management LLC acquired a new stake in SITE Centers Corp. (NYSE:SITC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 145,583 shares of the company's stock, valued at approximately $2,226,000. SITE Centers comprises 2.0% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 26th largest holding. Graham Capital Wealth Management LLC owned 0.28% of SITE Centers at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV raised its holdings in SITE Centers by 170.4% in the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after acquiring an additional 2,193 shares during the period. Vestcor Inc bought a new position in SITE Centers in the 3rd quarter worth $95,000. Baader Bank Aktiengesellschaft bought a new position in SITE Centers in the 4th quarter worth $163,000. Neo Ivy Capital Management bought a new position in SITE Centers in the 3rd quarter worth $202,000. Finally, Systematic Financial Management LP bought a new position in SITE Centers in the 3rd quarter worth $203,000. Institutional investors and hedge funds own 88.70% of the company's stock.

SITE Centers Price Performance

Shares of SITC traded up $0.05 on Thursday, hitting $15.14. The company's stock had a trading volume of 719,000 shares, compared to its average volume of 780,658. The company has a market capitalization of $793.53 million, a PE ratio of 1.11 and a beta of 1.60. SITE Centers Corp. has a fifty-two week low of $14.55 and a fifty-two week high of $32.22. The company has a 50 day moving average price of $15.25 and a 200 day moving average price of $57.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55.

Insider Buying and Selling at SITE Centers

In other SITE Centers news, Director Dawn M. Sweeney sold 3,768 shares of the business'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David R. Lukes sold 168,895 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $15.39, for a total value of $2,599,294.05. Following the transaction, the chief executive officer now directly owns 136,008 shares in the company, valued at $2,093,163.12. This trade represents a 55.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,457 shares of company stock worth $2,791,693. 10.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on SITC shares. Wells Fargo & Company decreased 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 research report on Wednesday, January 29th. Citigroup decreased their price target on shares of 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 decreased their price target on shares of SITE Centers from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Compass Point decreased their price target on shares of 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 began coverage on shares of SITE Centers in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Eight equities 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, SITE Centers presently has an average rating of "Hold" and an average target price of $35.75.

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.