Charles Schwab Investment Management Inc. Has $1 Million Position in Seritage Growth Properties (NYSE:SRG)

Charles Schwab Investment Management Inc. cut its stake in Seritage Growth Properties (NYSE:SRG) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,559 shares of the financial services provider’s stock after selling 4,811 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Seritage Growth Properties were worth $1,002,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. raised its position 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 valued at $250,000 after buying an additional 5,519 shares in the last quarter. JBF Capital Inc. increased its stake in Seritage Growth Properties by 20.0% in the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 10,000 shares during the last quarter. Sei Investments Co. raised its position in Seritage Growth Properties by 5.9% during the second quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 2,700 shares in the last quarter. AQR Capital Management LLC bought a new stake in Seritage Growth Properties during the second quarter worth $48,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seritage Growth Properties in the 2nd quarter valued at $63,000. 78.93% of the stock is currently owned by institutional investors.

Seritage Growth Properties Stock Down 1.7 %

SRG stock opened at $4.13 on Wednesday. The stock has a market capitalization of $232.39 million, a P/E ratio of -1.62 and a beta of 2.58. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $4.33 and a 200-day moving average price of $4.58. Seritage Growth Properties has a 12 month low of $3.63 and a 12 month high of $9.87.

Wall Street Analyst Weigh In

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

About Seritage Growth Properties

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.