Cygnus Capital Advisors LLC Acquires 409,911 Shares of Seritage Growth Properties $SRG

Cygnus Capital Advisors LLC grew its stake in Seritage Growth Properties (NYSE:SRG) by 48.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,261,358 shares of the financial services provider’s stock after buying an additional 409,911 shares during the quarter. Seritage Growth Properties accounts for about 2.2% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Cygnus Capital Advisors LLC owned about 2.24% of Seritage Growth Properties worth $3,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Gabelli Funds LLC increased its position in Seritage Growth Properties by 0.5% during the fourth quarter. Gabelli Funds LLC now owns 782,397 shares of the financial services provider’s stock worth $2,543,000 after buying an additional 4,050 shares during the last quarter. Barclays PLC raised its holdings in Seritage Growth Properties by 307.7% in the 4th quarter. Barclays PLC now owns 7,575 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 5,717 shares during the period. Ancora Advisors LLC raised its holdings in Seritage Growth Properties by 5.3% in the 3rd quarter. Ancora Advisors LLC now owns 143,965 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 7,263 shares during the period. Dimensional Fund Advisors LP lifted its position in Seritage Growth Properties by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,618 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 7,271 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in shares of Seritage Growth Properties by 2.5% during the fourth quarter. Boothbay Fund Management LLC now owns 320,014 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 7,903 shares during the period. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Stock Performance

SRG opened at $2.08 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 18.98 and a current ratio of 18.98. Seritage Growth Properties has a 52-week low of $2.01 and a 52-week high of $4.56. The firm has a market cap of $117.17 million, a P/E ratio of -2.00 and a beta of 2.19. The business’s fifty day moving average is $2.38 and its 200-day moving average is $2.59.

Seritage Growth Properties (NYSE:SRG) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported ($0.13) EPS for the quarter. Seritage Growth Properties had a negative net margin of 419.02% and a negative return on equity of 17.06%. The company had revenue of $1.87 million during the quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen raised Seritage Growth Properties from a “strong sell” rating to a “hold” rating in a research report on Sunday, August 23rd. Weiss Ratings downgraded shares of Seritage Growth Properties from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Seritage Growth Properties 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.