Zeke Capital Advisors LLC Trims Stock Position in Seritage Growth Properties (NYSE:SRG)

Zeke Capital Advisors LLC trimmed its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,901 shares of the financial services provider’s stock after selling 12,248 shares during the period. Zeke Capital Advisors LLC owned about 0.27% of Seritage Growth Properties worth $4,044,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new stake in Seritage Growth Properties during the second quarter worth approximately $5,947,000. State Street Corp raised its holdings in Seritage Growth Properties by 7.4% in the 3rd quarter. State Street Corp now owns 1,501,177 shares of the financial services provider’s stock valued at $63,785,000 after acquiring an additional 103,714 shares during the last quarter. CDAM UK Ltd lifted its stake in shares of Seritage Growth Properties by 10.4% during the 3rd quarter. CDAM UK Ltd now owns 639,094 shares of the financial services provider’s stock worth $27,155,000 after purchasing an additional 60,421 shares during the period. California Public Employees Retirement System lifted its stake in shares of Seritage Growth Properties by 161.1% during the 3rd quarter. California Public Employees Retirement System now owns 68,180 shares of the financial services provider’s stock worth $2,897,000 after purchasing an additional 42,064 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Seritage Growth Properties by 18.2% during the third quarter. Gamco Investors INC. ET AL now owns 147,400 shares of the financial services provider’s stock worth $6,263,000 after purchasing an additional 22,700 shares during the last quarter.

In other news, insider Macgeorge David 1,400,000 shares of the business’s stock in a transaction on Tuesday, November 26th. 7.06% of the stock is currently owned by company insiders.

Separately, ValuEngine lowered Seritage Growth Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th.

NYSE:SRG traded up $0.18 during mid-day trading on Friday, reaching $40.31. The company’s stock had a trading volume of 518 shares, compared to its average volume of 162,227. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 1.48. The company’s fifty day simple moving average is $40.23 and its two-hundred day simple moving average is $41.54. Seritage Growth Properties has a twelve month low of $37.52 and a twelve month high of $47.11.

Seritage Growth Properties (NYSE:SRG) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported ($0.33) EPS for the quarter. The company had revenue of $47.63 million for the quarter. Seritage Growth Properties had a negative net margin of 47.87% and a negative return on equity of 8.05%.

Seritage Growth Properties Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

Recommended Story: Why are gap-down stocks important?

Want to see what other hedge funds are holding SRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seritage Growth Properties (NYSE:SRG).

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

Receive News & Ratings for Seritage Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.