Public Employees Retirement System of Ohio Has $418,000 Stock Holdings in Seritage Growth Properties (NYSE:SRG)

Public Employees Retirement System of Ohio increased its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 11.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 54,000 shares of the financial services provider’s stock after purchasing an additional 5,496 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of Seritage Growth Properties worth $418,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Seritage Growth Properties by 19.2% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 636,053 shares of the financial services provider’s stock valued at $4,923,000 after acquiring an additional 102,553 shares in the last quarter. Towerview LLC raised its holdings in shares of Seritage Growth Properties by 1.5% in the 3rd quarter. Towerview LLC now owns 680,000 shares of the financial services provider’s stock worth $5,263,000 after buying an additional 10,000 shares in the last quarter. Anson Funds Management LP raised its holdings in shares of Seritage Growth Properties by 14.0% in the 2nd quarter. Anson Funds Management LP now owns 203,847 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 25,000 shares in the last quarter. Littlejohn & Co. LLC raised its holdings in shares of Seritage Growth Properties by 15.3% in the 3rd quarter. Littlejohn & Co. LLC now owns 913,811 shares of the financial services provider’s stock worth $7,073,000 after buying an additional 121,134 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Seritage Growth Properties by 1.5% in the 3rd quarter. Gabelli Funds LLC now owns 818,255 shares of the financial services provider’s stock worth $6,333,000 after buying an additional 12,300 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

Seritage Growth Properties Trading Up 1.8 %

Shares of SRG opened at $9.39 on Thursday. Seritage Growth Properties has a 1 year low of $7.07 and a 1 year high of $9.92. The company has a current ratio of 5.86, a quick ratio of 5.86 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $8.76. The stock has a market cap of $527.62 million, a PE ratio of -7.34 and a beta of 2.64.

Insider Transactions at Seritage Growth Properties

In other news, major shareholder Edward S. Lampert sold 101,151 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $9.54, for a total value of $964,980.54. Following the completion of the transaction, the insider now directly owns 13,719,663 shares of the company’s stock, valued at approximately $130,885,585.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Edward S. Lampert sold 17,790 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $9.57, for a total transaction of $170,250.30. Following the sale, the insider now directly owns 14,000,000 shares in the company, valued at approximately $133,980,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward S. Lampert sold 101,151 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $9.54, for a total value of $964,980.54. Following the sale, the insider now owns 13,719,663 shares in the company, valued at $130,885,585.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,902 shares of company stock valued at $4,709,328. Corporate insiders own 0.36% of the company’s stock.

Seritage Growth Properties Profile

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of.