SITE Centers Corp. (NYSE:SITC) Stock Holdings Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in shares of SITE Centers Corp. (NYSE:SITC) by 33,478.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,804 shares of the company’s stock after purchasing an additional 18,748 shares during the period. Exchange Traded Concepts LLC’s holdings in SITE Centers were worth $288,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of SITE Centers by 19.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,157 shares of the company’s stock valued at $19,612,000 after acquiring an additional 53,412 shares during the last quarter. Soros Fund Management LLC purchased a new position in SITE Centers in the 3rd quarter worth about $3,025,000. Meeder Asset Management Inc. acquired a new stake in SITE Centers during the 3rd quarter worth about $2,596,000. Virtu Financial LLC acquired a new stake in SITE Centers during the 3rd quarter worth about $2,399,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of SITE Centers in the 4th quarter valued at approximately $606,000. 88.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn M. Sweeney sold 3,768 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.54, for a total transaction of $58,554.72. Following the sale, the director now owns 29,082 shares of the company’s stock, valued at $451,934.28. This trade represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 181,457 shares of company stock valued at $2,791,693 over the last three months. 10.10% of the stock is currently owned by insiders.

SITE Centers Trading Down 1.5 %

NYSE:SITC opened at $14.99 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. The company has a market capitalization of $786.14 million, a P/E ratio of 1.10 and a beta of 1.61. The stock’s 50 day moving average price is $15.31 and its 200 day moving average price is $63.71. SITE Centers Corp. has a 52 week low of $14.55 and a 52 week high of $32.22.

SITE Centers (NYSE:SITC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $6.07 EPS for the quarter, topping the consensus estimate of $0.87 by $5.20. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The company had revenue of $89.43 million for the quarter, compared to analyst estimates of $104.55 million. During the same quarter in the prior year, the business posted $1.32 EPS. SITE Centers’s quarterly revenue was down 37.5% on a year-over-year basis. On average, research analysts forecast that SITE Centers Corp. will post 3.24 EPS for the current fiscal year.

Analysts Set New Price Targets

SITC has been the subject of several recent analyst reports. Piper Sandler decreased their target price on SITE Centers from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Compass Point decreased their price objective on SITE Centers from $64.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. StockNews.com initiated coverage on SITE Centers in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Wells Fargo & Company decreased their price target on shares of SITE Centers from $17.50 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, KeyCorp reiterated a “sector weight” rating on shares of SITE Centers in a research note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.75.

About SITE Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.