Russell Investments Group Ltd. Makes New Investment in Seritage Growth Properties (NYSE:SRG)

Russell Investments Group Ltd. purchased a new stake in Seritage Growth Properties (NYSE:SRG) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 2,660 shares of the financial services provider’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. boosted its position in shares of Seritage Growth Properties by 6.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,484 shares of the financial services provider’s stock worth $732,000 after buying an additional 937 shares during the period. Daiwa Securities Group Inc. boosted its position in Seritage Growth Properties by 14.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,800 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 600 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in Seritage Growth Properties during the 2nd quarter worth approximately $1,353,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Seritage Growth Properties by 86.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 32,117 shares of the financial services provider’s stock worth $1,380,000 after acquiring an additional 14,917 shares in the last quarter. Finally, Janney Capital Management LLC raised its holdings in shares of Seritage Growth Properties by 58.3% in the second quarter. Janney Capital Management LLC now owns 9,005 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 3,317 shares during the last quarter.

In other news, insider Macgeorge David 1,400,000 shares of the stock in a transaction on Tuesday, November 26th. 7.06% of the stock is owned by insiders.

Separately, ValuEngine cut shares of Seritage Growth Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th.

Shares of SRG opened at $40.79 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 6.22 and a current ratio of 6.22. The company’s fifty day simple moving average is $43.33 and its 200 day simple moving average is $42.16. Seritage Growth Properties has a 1-year low of $30.60 and a 1-year high of $47.11.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported ($0.33) EPS for the quarter. Seritage Growth Properties had a negative net margin of 47.87% and a negative return on equity of 8.05%. The firm had revenue of $47.63 million during the quarter.

Seritage Growth Properties Company Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

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

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