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Seritage Growth Properties (NYSE:SRG – Get Rating) major shareholder Edward S. Lampert sold 6,152 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $12.03, for a total value of $74,008.56. Following the sale, the insider now owns 15,748,857 shares in the company, valued at $189,458,749.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Seritage Growth Properties Stock Up 0.5 %
SRG traded up $0.06 during trading hours on Friday, reaching $11.95. 205,932 shares of the stock traded hands, compared to its average volume of 1,044,638. Seritage Growth Properties has a fifty-two week low of $4.90 and a fifty-two week high of $14.62. The company has a market cap of $521.40 million, a price-to-earnings ratio of -5.38 and a beta of 2.80. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.66 and a quick ratio of 4.66. The firm’s fifty day simple moving average is $11.42 and its two-hundred day simple moving average is $10.55.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Seritage Growth Properties to a “sell” rating in a research report on Friday, November 11th.
Hedge Funds Weigh In On Seritage Growth Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anson Funds Management LP purchased a new stake in shares of Seritage Growth Properties during the third quarter worth about $4,895,000. Aquamarine Zurich AG acquired a new stake in Seritage Growth Properties during the 3rd quarter valued at approximately $4,510,000. Zweig DiMenna Associates LLC increased its holdings in Seritage Growth Properties by 204.2% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 737,269 shares of the financial services provider’s stock worth $6,650,000 after purchasing an additional 494,894 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Seritage Growth Properties by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 5,125,204 shares of the financial services provider’s stock valued at $64,885,000 after purchasing an additional 471,047 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Seritage Growth Properties by 1,280.9% during the 3rd quarter. Gabelli Funds LLC now owns 414,284 shares of the financial services provider’s stock valued at $3,737,000 after buying an additional 384,284 shares during the last quarter. 57.21% of the stock is owned by hedge funds and other institutional investors.
About Seritage Growth Properties
(Get Rating)
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 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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