Seritage Growth Properties (NYSE:SRG) Stake Boosted by Yakira Capital Management Inc.

Yakira Capital Management Inc. boosted its stake in Seritage Growth Properties (NYSE:SRG) by 9.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,008,499 shares of the financial services provider’s stock after purchasing an additional 90,636 shares during the period. Seritage Growth Properties accounts for 1.5% of Yakira Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Yakira Capital Management Inc.’s holdings in Seritage Growth Properties were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its holdings in shares of Seritage Growth Properties by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 9,324 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Seritage Growth Properties in the fourth quarter valued at approximately $223,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Seritage Growth Properties by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider’s stock valued at $938,000 after buying an additional 12,206 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Seritage Growth Properties by 9.8% during the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider’s stock worth $276,000 after buying an additional 6,003 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Seritage Growth Properties by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 18,528 shares in the last quarter. 78.93% of the stock is currently owned by institutional investors.

Seritage Growth Properties Stock Down 5.7 %

Shares of Seritage Growth Properties stock opened at $2.73 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. Seritage Growth Properties has a 1-year low of $2.63 and a 1-year high of $9.87. The business’s fifty day moving average price is $3.51 and its two-hundred day moving average price is $4.00. The company has a market capitalization of $153.33 million, a P/E ratio of -1.07 and a beta of 2.68.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.23) earnings per share for the quarter. The company had revenue of $4.38 million for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. During the same quarter in the prior year, the company posted $0.08 EPS.

Seritage Growth Properties 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.