Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Seritage Growth Properties (NYSE:SRG - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,556,820 shares of the financial services provider's stock after acquiring an additional 233,530 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 8.10% of Seritage Growth Properties worth $21,189,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in SRG. nVerses Capital LLC acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth about $30,000. AQR Capital Management LLC acquired a new stake in shares of Seritage Growth Properties during the 2nd quarter worth about $48,000. Atom Investors LP acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth about $62,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seritage Growth Properties during the 2nd quarter worth about $63,000. Finally, Sei Investments Co. lifted its stake in shares of Seritage Growth Properties by 5.9% during the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider's stock worth $225,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 78.93% of the company's stock.
Seritage Growth Properties Price Performance
Shares of NYSE:SRG traded down $0.05 during midday trading on Wednesday, hitting $4.54. The stock had a trading volume of 217,386 shares, compared to its average volume of 405,000. The company's 50-day moving average price is $4.37 and its 200-day moving average price is $4.66. The company has a market capitalization of $255.46 million, a P/E ratio of -1.78 and a beta of 2.58. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. Seritage Growth Properties has a fifty-two week low of $3.63 and a fifty-two week high of $9.87.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Seritage Growth Properties to a "sell" rating in a research note on Thursday, October 24th.
Check Out Our Latest Research Report on SRG
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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