Bank of Montreal Can Takes $4.64 Million Position in Seritage Growth Properties (NYSE:SRG)

Bank of Montreal Can acquired a new stake in Seritage Growth Properties (NYSE:SRG) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,000,000 shares of the financial services provider’s stock, valued at approximately $4,640,000.

A number of other institutional investors also recently modified their holdings of SRG. Vanguard Group Inc. boosted its holdings in Seritage Growth Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,571,109 shares of the financial services provider’s stock valued at $34,461,000 after purchasing an additional 22,441 shares during the period. Littlejohn & Co. LLC grew its holdings in shares of Seritage Growth Properties by 11.7% during the 3rd quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider’s stock valued at $4,330,000 after purchasing an additional 97,211 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Seritage Growth Properties by 96.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock valued at $1,075,000 after acquiring an additional 113,488 shares during the last quarter. JBF Capital Inc. boosted its stake in shares of Seritage Growth Properties by 20.0% during the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,000 shares during the period. Finally, American Century Companies Inc. boosted its position in Seritage Growth Properties by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock valued at $250,000 after buying an additional 5,519 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties Price Performance

Shares of SRG stock opened at $4.60 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. Seritage Growth Properties has a fifty-two week low of $3.63 and a fifty-two week high of $9.87. The firm has a market cap of $258.56 million, a P/E ratio of -1.80 and a beta of 2.58. The business’s 50 day moving average price is $4.36 and its 200-day moving average price is $4.66.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seritage Growth Properties to a “sell” rating in a report on Thursday, October 24th.

Seritage Growth Properties Company Profile

Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.