AQR Capital Management LLC Invests $48,000 in Seritage Growth Properties (NYSE:SRG)

AQR Capital Management LLC purchased a new stake in Seritage Growth Properties (NYSE:SRG) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,198 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently modified their holdings of SRG. Huber Capital Management LLC purchased a new position in Seritage Growth Properties in the first quarter valued at about $140,000. Sei Investments Co. boosted its stake in shares of Seritage Growth Properties by 5.9% during the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,700 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Seritage Growth Properties by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 5,519 shares during the period. JBF Capital Inc. increased its stake in 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 purchasing an additional 10,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Seritage Growth Properties by 183.3% during the second quarter. Harbor Capital Advisors Inc. now owns 117,785 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 76,213 shares during the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties Price Performance

SRG opened at $4.56 on Friday. Seritage Growth Properties has a one year low of $3.63 and a one year high of $9.87. The company has a market cap of $256.59 million, a price-to-earnings ratio of -2.09 and a beta of 2.57. The business’s fifty day moving average is $4.46 and its two-hundred day moving average is $5.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 7.95 and a current ratio of 7.95.

Seritage Growth Properties (NYSE:SRG) last released 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 return on equity of 5.89% and a negative net margin of 485.15%. The business had revenue of $4.22 million during the quarter.

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.