Seritage Growth Properties (NYSE:SRG) Stock Position Decreased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC decreased its stake in shares of Seritage Growth Properties (NYSE:SRG) by 61.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,743 shares of the financial services provider’s stock after selling 22,182 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Seritage Growth Properties were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SRG. Proficio Capital Partners LLC acquired a new position in shares of Seritage Growth Properties during the 4th quarter valued at about $223,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Seritage Growth Properties by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 12,206 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 valued at $276,000 after acquiring an additional 6,003 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during the last quarter. Finally, Yakira Capital Management Inc. increased its holdings in shares of Seritage Growth Properties by 9.9% during 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 acquiring an additional 90,636 shares during the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

Seritage Growth Properties Stock Performance

Shares of NYSE SRG opened at $2.83 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The firm has a market cap of $159.12 million, a price-to-earnings ratio of -1.11 and a beta of 2.38. The business’s 50-day simple moving average is $2.96 and its 200-day simple moving average is $3.62. Seritage Growth Properties has a 52 week low of $2.43 and a 52 week high of $5.99.

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

About Seritage Growth Properties

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.