State Street Corp Reduces Stock Holdings in Seritage Growth Properties (NYSE:SRG)

State Street Corp cut its position in shares of Seritage Growth Properties (NYSE:SRG) by 20.9% during the third quarter, Holdings Channel.com reports. The firm owned 196,217 shares of the financial services provider’s stock after selling 51,940 shares during the quarter. State Street Corp’s holdings in Seritage Growth Properties were worth $912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth approximately $30,000. AQR Capital Management LLC acquired a new position in Seritage Growth Properties in the second quarter valued at approximately $48,000. Atom Investors LP purchased a new position in Seritage Growth Properties in the third quarter worth approximately $62,000. Susquehanna Fundamental Investments LLC acquired a new stake in Seritage Growth Properties during the second quarter worth $63,000. Finally, Sei Investments Co. raised its position in Seritage Growth Properties by 5.9% in 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 during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Seritage Growth Properties Trading Up 1.0 %

NYSE SRG opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10. The stock has a market capitalization of $234.07 million, a P/E ratio of -1.63 and a beta of 2.58. The firm’s 50-day moving average is $4.26 and its two-hundred day moving average is $4.50. Seritage Growth Properties has a 12 month low of $3.63 and a 12 month high of $9.87.

Analyst Upgrades and Downgrades

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

Seritage Growth Properties 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.