Exchange Traded Concepts LLC lifted its holdings in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 33,478.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,804 shares of the company's stock after acquiring an additional 18,748 shares during the period. Exchange Traded Concepts LLC's holdings in SITE Centers were worth $288,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in SITC. The Manufacturers Life Insurance Company raised its position in SITE Centers by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 104,138 shares of the company's stock valued at $1,510,000 after buying an additional 1,751 shares during the last quarter. Quarry LP raised its holdings in shares of SITE Centers by 503.9% in the second quarter. Quarry LP now owns 3,424 shares of the company's stock valued at $50,000 after purchasing an additional 2,857 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of SITE Centers by 115.1% during the third quarter. SG Americas Securities LLC now owns 16,318 shares of the company's stock valued at $987,000 after purchasing an additional 8,731 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in SITE Centers during the third quarter worth about $319,000. Finally, Blue Trust Inc. grew its position in SITE Centers by 508.3% in the 3rd quarter. Blue Trust Inc. now owns 6,381 shares of the company's stock worth $386,000 after purchasing an additional 5,332 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.
SITE Centers Stock Performance
SITE Centers stock traded up $0.01 during midday trading on Tuesday, reaching $14.91. The stock had a trading volume of 1,094,539 shares, compared to its average volume of 789,570. The firm has a market capitalization of $781.47 million, a PE ratio of 1.09 and a beta of 1.60. SITE Centers Corp. has a 12 month low of $14.55 and a 12 month high of $32.22. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is $15.27 and its 200 day moving average price is $57.83.
Insider Transactions at SITE Centers
In other news, Director Dawn M. Sweeney sold 3,768 shares of the firm'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 completion of the transaction, the director now directly owns 29,082 shares of the company's stock, valued at $451,934.28. This trade represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John M. Cattonar sold 8,794 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The disclosure for this sale can be found here. Insiders sold 181,457 shares of company stock worth $2,791,693 over the last quarter. Corporate insiders own 10.10% of the company's stock.
Wall Street Analysts Forecast Growth
SITC has been the topic of several recent analyst reports. Citigroup dropped their target price 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. Wells Fargo & Company cut their price objective 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. Compass Point decreased their target price on SITE Centers from $64.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. KeyCorp reissued a "sector weight" rating on shares of SITE Centers in a report on Monday, October 7th. Finally, StockNews.com assumed coverage on shares of SITE Centers in a research report on Wednesday, December 4th. They set a "hold" rating for the company. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $35.75.
View Our Latest Research Report on SITE Centers
SITE Centers Company Profile
(
Free Report)
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.
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