Newtyn Management LLC grew its stake in shares of Seritage Growth Properties (NYSE:SRG – Free Report) by 5,411.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,266,230 shares of the financial services provider’s stock after purchasing an additional 2,225,110 shares during the quarter. Seritage Growth Properties makes up 0.8% of Newtyn Management LLC’s portfolio, making the stock its 26th largest holding. Newtyn Management LLC’s holdings in Seritage Growth Properties were worth $5,960,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creek Drive Management Group LLC bought a new stake in shares of Seritage Growth Properties in the 4th quarter worth approximately $1,421,000. Clutterbuck Capital Management LLC bought a new position in Seritage Growth Properties during the 4th quarter worth $1,343,000. Ancora Advisors LLC bought a new position in Seritage Growth Properties during the 2nd quarter worth $691,000. Marshall Wace LLP grew its stake in Seritage Growth Properties by 135.7% during the 2nd quarter. Marshall Wace LLP now owns 435,984 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 250,989 shares during the last quarter. Finally, Towerview LLC increased its position in Seritage Growth Properties by 28.7% in the first quarter. Towerview LLC now owns 1,030,000 shares of the financial services provider’s stock worth $2,894,000 after buying an additional 230,000 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SRG. Wall Street Zen upgraded Seritage Growth Properties from a “strong sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Weiss Ratings upgraded shares of Seritage Growth Properties from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Seritage Growth Properties Stock Performance
NYSE:SRG opened at $2.11 on Monday. Seritage Growth Properties has a 1 year low of $2.05 and a 1 year high of $4.56. The stock has a market cap of $118.86 million, a price-to-earnings ratio of -2.03 and a beta of 2.21. The business has a fifty day moving average of $2.44 and a 200-day moving average of $2.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 18.98 and a current ratio of 18.98.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The financial services provider reported ($0.13) earnings per share for the quarter. Seritage Growth Properties had a negative net margin of 419.02% and a negative return on equity of 17.06%. The company had revenue of $1.87 million for the quarter.
Seritage Growth Properties Company Profile
Seritage Growth Properties is a publicly traded real estate investment trust (REIT) formed in 2015 as a spin-off from Sears Holdings. Headquartered in New York City, the company owns and operates a diversified portfolio of retail and mixed-use properties that were previously under the Sears and Kmart banners. Since its launch, Seritage has pursued a strategy of unlocking value through active asset management, redevelopment and strategic leasing.
The company’s core business activities include the acquisition and redevelopment of retail properties, negotiation of long-term lease agreements with national and regional tenants, and selective disposition of non-core assets.
Read More
- Five stocks we like better than Seritage Growth Properties
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
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 – Free Report).
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.
