Yakira Capital Management Inc. Boosts Position in Seritage Growth Properties (NYSE:SRG)

Yakira Capital Management Inc. grew its holdings in Seritage Growth Properties (NYSE:SRG) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,008,499 shares of the financial services provider’s stock after acquiring an additional 90,636 shares during the period. Seritage Growth Properties comprises approximately 1.5% of Yakira Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Yakira Capital Management Inc. owned about 1.79% of Seritage Growth Properties worth $4,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SRG. Geode Capital Management LLC raised its position in Seritage Growth Properties by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 18,528 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Seritage Growth Properties by 4.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock valued at $991,000 after buying an additional 9,324 shares during the period. Charles Schwab Investment Management Inc. raised 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 buying an additional 12,206 shares during the period. American Century Companies Inc. lifted its position in 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 worth $276,000 after acquiring an additional 6,003 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Seritage Growth Properties in the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 78.93% of the company’s stock.

Seritage Growth Properties Trading Down 5.7 %

SRG opened at $2.73 on Friday. The firm’s 50 day moving average is $3.51 and its 200-day moving average is $4.00. Seritage Growth Properties has a 52-week low of $2.63 and a 52-week high of $9.87. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $153.33 million, a P/E ratio of -1.07 and a beta of 2.68.

Seritage Growth Properties (NYSE:SRG) last released its quarterly earnings results on Monday, March 31st. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $4.38 million for the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%. During the same quarter last year, the business earned $0.08 earnings per share.

Seritage Growth Properties 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.