Seritage Growth Properties (NYSE:SRG) Shares Bought by Alpine Global Management LLC

Alpine Global Management LLC lifted its stake in shares of Seritage Growth Properties (NYSE:SRG) by 13.1% in the fourth quarter, Holdings Channel reports. The firm owned 200,000 shares of the financial services provider’s stock after buying an additional 23,164 shares during the period. Alpine Global Management LLC’s holdings in Seritage Growth Properties were worth $824,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Seritage Growth Properties during the 4th quarter valued at about $49,000. XTX Topco Ltd acquired a new stake in shares of Seritage Growth Properties in the fourth quarter valued at $60,000. Proficio Capital Partners LLC acquired a new position in shares of Seritage Growth Properties during the fourth quarter worth about $223,000. American Century Companies Inc. grew its holdings in Seritage Growth Properties by 9.8% during the 4th quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 6,003 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Seritage Growth Properties in the 4th quarter valued at about $850,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Price Performance

Shares of SRG opened at $2.89 on Tuesday. The stock has a market cap of $162.78 million, a PE ratio of -1.13 and a beta of 2.28. Seritage Growth Properties has a 1-year low of $2.43 and a 1-year high of $9.54. The firm has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick 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) EPS for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. The company had revenue of $4.38 million for the quarter. During the same period in the prior year, the company posted $0.08 earnings per share.

Seritage Growth Properties 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.