FIL Ltd Has $7.84 Million Stock Position in Seritage Growth Properties (NYSE:SRG)

FIL Ltd increased its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 23.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,903,300 shares of the financial services provider’s stock after acquiring an additional 366,108 shares during the quarter. FIL Ltd’s holdings in Seritage Growth Properties were worth $7,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yakira Capital Management Inc. increased its position in shares of Seritage Growth Properties by 9.9% during the fourth quarter. Yakira Capital Management Inc. now owns 1,008,499 shares of the financial services provider’s stock worth $4,155,000 after acquiring an additional 90,636 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Seritage Growth Properties by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 18,528 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Seritage Growth Properties by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 9,324 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Seritage Growth Properties by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 12,206 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Seritage Growth Properties by 9.8% during the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider’s stock worth $276,000 after buying an additional 6,003 shares during the period. 78.93% of the stock is currently owned by institutional investors.

Seritage Growth Properties Stock Down 4.2 %

Shares of Seritage Growth Properties stock opened at $2.65 on Friday. Seritage Growth Properties has a 52-week low of $2.43 and a 52-week high of $9.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The business’s 50 day simple moving average is $3.36 and its 200 day simple moving average is $3.92. The firm has a market cap of $148.98 million, a PE ratio of -1.04 and a beta of 2.28.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.23) EPS for the quarter. The business had revenue of $4.38 million during the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%. During the same quarter in the previous year, the company posted $0.08 earnings per share.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.