Marshall Wace LLP Sells 97,356 Shares of Seritage Growth Properties (NYSE:SRG)

Marshall Wace LLP decreased its position in shares of Seritage Growth Properties (NYSE:SRG) by 80.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,048 shares of the financial services provider’s stock after selling 97,356 shares during the period. Marshall Wace LLP’s holdings in Seritage Growth Properties were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Seritage Growth Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,571,109 shares of the financial services provider’s stock valued at $34,461,000 after buying an additional 22,441 shares during the period. American Century Companies Inc. raised its stake in Seritage Growth Properties by 11.5% during the second quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 5,519 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Seritage Growth Properties by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 258,623 shares of the financial services provider’s stock valued at $2,496,000 after acquiring an additional 3,050 shares during the period. Gabelli Funds LLC grew its holdings in Seritage Growth Properties by 6.1% during the 1st quarter. Gabelli Funds LLC now owns 799,644 shares of the financial services provider’s stock worth $7,717,000 after acquiring an additional 45,708 shares in the last quarter. Finally, JBF Capital Inc. boosted its holdings in shares of Seritage Growth Properties by 20.0% in the 2nd quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock valued at $280,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Trading Up 3.3 %

Shares of Seritage Growth Properties stock opened at $4.34 on Monday. The company has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $5.89. Seritage Growth Properties has a 12-month low of $3.63 and a 12-month high of $9.87. The stock has a market cap of $244.21 million, a price-to-earnings ratio of -1.99 and a beta of 2.57. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.63.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.28) EPS for the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative return on equity of 5.89%. The company had revenue of $4.22 million during the quarter.

About Seritage Growth Properties

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.