XL Group Investments Ltd Has $24.96 Million Holdings in Seritage Growth Properties (SRG)

XL Group Investments Ltd raised its holdings in Seritage Growth Properties (NYSE:SRG) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 616,830 shares of the financial services provider’s stock after buying an additional 34,201 shares during the quarter. Seritage Growth Properties makes up about 14.9% of XL Group Investments Ltd’s holdings, making the stock its 4th largest holding. XL Group Investments Ltd’s holdings in Seritage Growth Properties were worth $24,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SRG. Hotchkis & Wiley Capital Management LLC grew its holdings in Seritage Growth Properties by 14.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,835,452 shares of the financial services provider’s stock valued at $130,629,000 after purchasing an additional 358,962 shares during the period. FMR LLC lifted its position in shares of Seritage Growth Properties by 6,962.9% in the second quarter. FMR LLC now owns 353,568 shares of the financial services provider’s stock valued at $14,833,000 after acquiring an additional 348,562 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Seritage Growth Properties in the fourth quarter valued at approximately $8,578,000. AXA lifted its position in shares of Seritage Growth Properties by 334.5% in the third quarter. AXA now owns 134,700 shares of the financial services provider’s stock valued at $6,206,000 after acquiring an additional 103,700 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Seritage Growth Properties by 4.7% in the third quarter. Eagle Asset Management Inc. now owns 1,393,206 shares of the financial services provider’s stock valued at $62,958,000 after acquiring an additional 62,006 shares in the last quarter. 78.48% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on SRG shares. Boenning Scattergood set a $38.00 target price on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday, November 21st. Zacks Investment Research downgraded Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 23rd.

In other news, major shareholder Bruce R. Berkowitz sold 99,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $40.99, for a total value of $4,086,703.00. Following the transaction, the insider now owns 318,098 shares in the company, valued at $13,038,837.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 18,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.04, for a total value of $744,744.00. Following the completion of the transaction, the insider now owns 568,598 shares in the company, valued at approximately $22,766,663.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,178,300 shares of company stock worth $47,860,955. Company insiders own 9.78% of the company’s stock.

Seritage Growth Properties (SRG) opened at $38.76 on Monday. The firm has a market capitalization of $1,370.00 and a P/E ratio of -27.88. Seritage Growth Properties has a 1 year low of $37.78 and a 1 year high of $50.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.22 and a quick ratio of 4.22.

WARNING: “XL Group Investments Ltd Has $24.96 Million Holdings in Seritage Growth Properties (SRG)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://transcriptdaily.com/2018/02/12/xl-group-investments-ltd-has-24-96-million-holdings-in-seritage-growth-properties-srg.html.

Seritage Growth Properties Profile

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

Want to see what other hedge funds are holding SRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seritage Growth Properties (NYSE:SRG).

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

Receive News & Ratings for Seritage Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply