Clutterbuck Capital Management LLC Makes New $1.34 Million Investment in Seritage Growth Properties $SRG

Clutterbuck Capital Management LLC bought a new position in Seritage Growth Properties (NYSE:SRG) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 413,192 shares of the financial services provider’s stock, valued at approximately $1,343,000. Seritage Growth Properties makes up 1.1% of Clutterbuck Capital Management LLC’s investment portfolio, making the stock its 5th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its position in Seritage Growth Properties by 12.5% in the third quarter. Squarepoint Ops LLC now owns 132,283 shares of the financial services provider’s stock worth $562,000 after buying an additional 14,737 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Seritage Growth Properties by 3.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 721,691 shares of the financial services provider’s stock worth $3,067,000 after buying an additional 25,697 shares during the period. Total Clarity Wealth Management Inc. acquired a new stake in Seritage Growth Properties in the third quarter worth $72,000. Beverly Hills Private Wealth LLC acquired a new stake in Seritage Growth Properties in the third quarter worth $72,000. Finally, Levin Capital Strategies L.P. acquired a new stake in Seritage Growth Properties in the third quarter worth $42,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on SRG shares. Wall Street Zen lowered Seritage Growth Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Seritage Growth Properties from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Seritage Growth Properties Price Performance

Shares of SRG opened at $2.65 on Friday. The firm has a market capitalization of $148.99 million, a price-to-earnings ratio of -1.84 and a beta of 2.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 18.47 and a current ratio of 18.47. Seritage Growth Properties has a one year low of $2.31 and a one year high of $4.56. The stock’s fifty day moving average is $2.63 and its 200-day moving average is $3.01.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.56) EPS for the quarter. The business had revenue of $2.05 million for the quarter. Seritage Growth Properties had a negative net margin of 487.58% and a negative return on equity of 23.03%.

Seritage Growth Properties Company Profile

Seritage Growth Properties is a publicly traded real estate investment trust (REIT) formed in 2015 as a spin-off from Sears Holdings. Headquartered in New York City, the company owns and operates a diversified portfolio of retail and mixed-use properties that were previously under the Sears and Kmart banners. Since its launch, Seritage has pursued a strategy of unlocking value through active asset management, redevelopment and strategic leasing.

The company’s core business activities include the acquisition and redevelopment of retail properties, negotiation of long-term lease agreements with national and regional tenants, and selective disposition of non-core assets.