Hotchkis & Wiley Capital Management LLC Increases Stock Position in Seritage Growth Properties (NYSE:SRG)

Hotchkis & Wiley Capital Management LLC boosted its holdings in Seritage Growth Properties (NYSE:SRG) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,556,820 shares of the financial services provider’s stock after acquiring an additional 233,530 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 8.10% of Seritage Growth Properties worth $21,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SRG. Bank of Montreal Can bought a new position in Seritage Growth Properties during the third quarter valued at approximately $4,640,000. Harbor Capital Advisors Inc. raised its stake 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 valued at $1,075,000 after buying an additional 113,488 shares during the last quarter. Littlejohn & Co. LLC boosted its stake in shares of Seritage Growth Properties by 11.7% in the 3rd quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider’s stock worth $4,330,000 after buying an additional 97,211 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Seritage Growth Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,571,109 shares of the financial services provider’s stock worth $34,461,000 after buying an additional 22,441 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Seritage Growth Properties in the second quarter worth $63,000. Institutional investors own 78.93% of the company’s stock.

Analyst Ratings Changes

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

Seritage Growth Properties Stock Performance

SRG opened at $4.60 on Wednesday. The company’s 50 day moving average is $4.36 and its 200 day moving average is $4.66. 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 company has a market cap of $258.55 million, a price-to-earnings ratio of -1.80 and a beta of 2.58. Seritage Growth Properties has a 12-month low of $3.63 and a 12-month high of $9.87.

Seritage Growth Properties Company 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.