Clutterbuck Capital Management LLC Buys Shares of 413,192 Seritage Growth Properties $SRG

Clutterbuck Capital Management LLC bought a new stake in Seritage Growth Properties (NYSE:SRG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 413,192 shares of the financial services provider’s stock, valued at approximately $1,343,000. Seritage Growth Properties makes up approximately 1.1% of Clutterbuck Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Clutterbuck Capital Management LLC owned about 0.73% of Seritage Growth Properties as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its position in shares of Seritage Growth Properties by 307.7% during the 4th quarter. Barclays PLC now owns 7,575 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 5,717 shares in the last quarter. Marshall Wace LLP raised its position in shares of Seritage Growth Properties by 45.4% during the 4th quarter. Marshall Wace LLP now owns 349,515 shares of the financial services provider’s stock valued at $1,136,000 after acquiring an additional 109,174 shares in the last quarter. State Street Corp raised its position in shares of Seritage Growth Properties by 5.8% during the 4th quarter. State Street Corp now owns 178,800 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 9,800 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Seritage Growth Properties by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,618 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 7,271 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Seritage Growth Properties during the 4th quarter valued at approximately $34,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Stock Performance

SRG stock opened at $2.65 on Friday. The company has a current ratio of 18.47, a quick ratio of 18.47 and a debt-to-equity ratio of 0.16. The firm has a market cap of $148.99 million, a P/E ratio of -1.84 and a beta of 2.21. Seritage Growth Properties has a 12-month low of $2.31 and a 12-month high of $4.56. The stock’s 50 day simple moving average is $2.63 and its 200 day simple moving average is $3.01.

Seritage Growth Properties (NYSE:SRG) last posted its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.56) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative net margin of 487.58% and a negative return on equity of 23.03%. The firm had revenue of $2.05 million for the quarter.

Wall Street Analyst Weigh In

SRG has been the topic of several research reports. Wall Street Zen lowered Seritage Growth Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised Seritage Growth Properties from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Seritage Growth Properties has a consensus rating of “Sell”.

Seritage Growth Properties 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.