Seritage Growth Properties (NYSE:SRG) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Seritage Growth Properties (NYSE:SRG) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.89 and traded as low as $3.67. Seritage Growth Properties shares last traded at $3.80, with a volume of 151,482 shares.

Seritage Growth Properties Trading Down 1.4 %

The company’s fifty day moving average price is $3.89 and its two-hundred day moving average price is $4.22. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. The company has a market cap of $213.54 million, a price-to-earnings ratio of -1.49 and a beta of 2.57.

Institutional Investors Weigh In On Seritage Growth Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its position in Seritage Growth Properties by 96.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 113,488 shares in the last quarter. Littlejohn & Co. LLC raised its stake in shares of Seritage Growth Properties by 11.7% in the third quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider’s stock worth $4,330,000 after acquiring an additional 97,211 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Seritage Growth Properties during the third quarter worth approximately $4,640,000. Atom Investors LP acquired a new position in Seritage Growth Properties during the 3rd quarter worth $62,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Seritage Growth Properties by 5.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,556,820 shares of the financial services provider’s stock valued at $21,189,000 after buying an additional 233,530 shares during the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.