Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Seritage Growth Properties (NYSE:SRG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seritage Growth Properties (NYSE:SRG) by 49.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,868 shares of the financial services provider’s stock after buying an additional 8,932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Seritage Growth Properties were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. FNY Investment Advisers LLC raised its position in shares of Seritage Growth Properties by 500.0% in the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 5,000 shares in the last quarter. Covestor Ltd bought a new position in Seritage Growth Properties in the third quarter worth about $85,000. Bank of New York Mellon Corp lifted its position in shares of Seritage Growth Properties by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 24,434 shares of the financial services provider’s stock valued at $189,000 after buying an additional 4,188 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Seritage Growth Properties by 11.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,000 shares of the financial services provider’s stock valued at $418,000 after buying an additional 5,496 shares in the last quarter. Finally, Troluce Capital Advisors LLC grew its position in shares of Seritage Growth Properties by 46.7% in the 3rd quarter. Troluce Capital Advisors LLC now owns 150,000 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 47,739 shares during the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Trading Up 1.1 %

NYSE SRG opened at $9.41 on Tuesday. Seritage Growth Properties has a 52 week low of $7.07 and a 52 week high of $9.92. The company has a 50 day moving average price of $9.37 and a 200 day moving average price of $9.13. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.64. The firm has a market cap of $529.41 million, a PE ratio of -3.29 and a beta of 2.62.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings results on Monday, April 1st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 8.61% and a negative net margin of 745.48%. The business had revenue of $9.17 million for the quarter.

Insider Buying and Selling

In other Seritage Growth Properties news, major shareholder Edward S. Lampert sold 45,654 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $9.60, for a total value of $438,278.40. Following the completion of the sale, the insider now owns 13,536,958 shares of the company’s stock, valued at $129,954,796.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Seritage Growth Properties news, major shareholder Edward S. Lampert sold 45,654 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $9.60, for a total transaction of $438,278.40. Following the transaction, the insider now owns 13,536,958 shares in the company, valued at approximately $129,954,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Edward S. Lampert sold 6,447 shares of Seritage Growth Properties stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.61, for a total transaction of $61,955.67. Following the sale, the insider now owns 13,509,817 shares of the company’s stock, valued at $129,829,341.37. The disclosure for this sale can be found here. Insiders have sold a total of 214,007 shares of company stock worth $2,069,537 in the last ninety days. 0.46% of the stock is owned by insiders.

Seritage Growth Properties Profile

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of.