Gamco Investors INC. ET AL Has $1.02 Million Position in Seritage Growth Properties (NYSE:SRG)

Gamco Investors INC. ET AL boosted its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,643 shares of the financial services provider’s stock after buying an additional 19,800 shares during the period. Gamco Investors INC. ET AL owned approximately 0.44% of Seritage Growth Properties worth $1,016,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SRG. FIL Ltd boosted its stake in Seritage Growth Properties by 23.8% during the 4th quarter. FIL Ltd now owns 1,903,300 shares of the financial services provider’s stock valued at $7,842,000 after purchasing an additional 366,108 shares during the last quarter. Yakira Capital Management Inc. raised its position in Seritage Growth Properties by 9.9% in the 4th quarter. Yakira Capital Management Inc. now owns 1,008,499 shares of the financial services provider’s stock valued at $4,155,000 after buying an additional 90,636 shares during the last quarter. Geode Capital Management LLC lifted its stake in Seritage Growth Properties by 4.2% during 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 acquiring an additional 18,528 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Seritage Growth Properties by 4.0% in the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Seritage Growth Properties by 5.7% during 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. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Seritage Growth Properties Trading Up 3.0 %

NYSE:SRG opened at $2.89 on Friday. Seritage Growth Properties has a 52 week low of $2.43 and a 52 week high of $9.54. The firm has a 50-day moving average price of $3.27 and a two-hundred day moving average price of $3.86. The firm has a market cap of $162.50 million, a price-to-earnings ratio of -1.13 and a beta of 2.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10.

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