Seritage Growth Properties (NYSE:SRG) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Seritage Growth Properties (NYSE:SRG) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.26 and traded as low as $4.14. Seritage Growth Properties shares last traded at $4.16, with a volume of 97,060 shares trading hands.

Analyst Ratings Changes

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

Seritage Growth Properties Price Performance

The business’s fifty day simple moving average is $4.25 and its 200 day simple moving average is $4.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The stock has a market cap of $236.89 million, a price-to-earnings ratio of -1.65 and a beta of 2.59.

Hedge Funds Weigh In On Seritage Growth Properties

Several institutional investors and hedge funds have recently made changes to their positions in SRG. Hotchkis & Wiley Capital Management LLC raised its stake in Seritage Growth Properties by 5.4% during the third 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 in the last quarter. Bank of Montreal Can bought a new position in Seritage Growth Properties during the third quarter worth $4,640,000. Littlejohn & Co. LLC boosted its holdings in 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 purchasing an additional 97,211 shares during the period. Harbor Capital Advisors Inc. increased its stake in Seritage Growth Properties by 96.4% during the third quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock valued at $1,075,000 after purchasing an additional 113,488 shares during the last quarter. Finally, JBF Capital Inc. raised its holdings in shares of Seritage Growth Properties by 20.0% during the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 10,000 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

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.