Anson Funds Management LP Sells 381,025 Shares of Seritage Growth Properties (NYSE:SRG)

Anson Funds Management LP lowered its stake in shares of Seritage Growth Properties (NYSE:SRG) by 44.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 474,011 shares of the financial services provider’s stock after selling 381,025 shares during the quarter. Anson Funds Management LP owned approximately 0.84% of Seritage Growth Properties worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its holdings in Seritage Growth Properties by 5.9% during the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,700 shares during the last quarter. American Century Companies Inc. grew its holdings in Seritage Growth Properties by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 5,519 shares during the last quarter. nVerses Capital LLC bought a new stake in Seritage Growth Properties during the 3rd quarter worth about $30,000. JBF Capital Inc. grew its holdings in Seritage Growth Properties by 20.0% during the 2nd quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 10,000 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in Seritage Growth Properties during the 2nd quarter worth about $48,000. Institutional investors own 78.93% of the company’s stock.

Analysts Set New Price Targets

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

Seritage Growth Properties Stock Down 0.2 %

Shares of NYSE SRG opened at $4.47 on Friday. The firm has a market capitalization of $251.53 million, a PE ratio of -1.75 and a beta of 2.58. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. Seritage Growth Properties has a 1 year low of $3.63 and a 1 year high of $9.87. The firm’s 50-day moving average is $4.36 and its 200-day moving average is $4.64.

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.