Gamco Investors INC. ET AL Increases Stock Position in Seritage Growth Properties (NYSE:SRG)

Gamco Investors INC. ET AL increased its holdings in Seritage Growth Properties (NYSE:SRG) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 246,643 shares of the financial services provider’s stock after buying an additional 19,800 shares during the period. Gamco Investors INC. ET AL’s holdings in Seritage Growth Properties were worth $1,016,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SRG. Harbor Capital Advisors Inc. boosted its holdings in shares of Seritage Growth Properties by 4.0% in the fourth 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 purchased a new stake in Seritage Growth Properties during the 4th quarter worth about $223,000. Charles Schwab Investment Management Inc. boosted its stake in Seritage Growth Properties by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 12,206 shares during the period. American Century Companies Inc. grew its holdings in Seritage Growth Properties by 9.8% during the 4th quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider’s stock valued at $276,000 after buying an additional 6,003 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Seritage Growth Properties by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 457,468 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 18,528 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties Price Performance

SRG stock opened at $2.89 on Friday. The firm has a 50 day moving average of $3.27 and a 200-day moving average of $3.86. 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 market capitalization of $162.50 million, a P/E ratio of -1.13 and a beta of 2.28. Seritage Growth Properties has a 12 month low of $2.43 and a 12 month high of $9.54.

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

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.