Alpine Global Management LLC Has $824,000 Stock Position in Seritage Growth Properties (NYSE:SRG)

Alpine Global Management LLC increased its stake in shares of Seritage Growth Properties (NYSE:SRG) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the financial services provider’s stock after purchasing an additional 23,164 shares during the period. Alpine Global Management LLC owned approximately 0.36% of Seritage Growth Properties worth $824,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth $49,000. XTX Topco Ltd acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth $60,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth $145,000. Proficio Capital Partners LLC acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth $223,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Seritage Growth Properties during the fourth quarter worth $223,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Stock Up 0.9%

Shares of Seritage Growth Properties stock opened at $2.86 on Friday. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. Seritage Growth Properties has a 12 month low of $2.43 and a 12 month high of $5.94. The business has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $3.61. The stock has a market cap of $160.81 million, a PE ratio of -1.12 and a beta of 2.38.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.42) EPS for the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%. The company had revenue of $4.60 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research note on Thursday.

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.