Governors Lane LP boosted its position in Seritage Growth Properties (NYSE:SRG) by 86.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,093 shares of the financial services provider’s stock after buying an additional 263,000 shares during the period. Governors Lane LP’s holdings in Seritage Growth Properties were worth $22,945,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. XL Group Investments Ltd boosted its position in shares of Seritage Growth Properties by 5.9% during the 4th quarter. XL Group Investments Ltd now owns 616,830 shares of the financial services provider’s stock worth $24,957,000 after purchasing an additional 34,201 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Seritage Growth Properties by 14.4% during the 4th quarter. California Public Employees Retirement System now owns 37,037 shares of the financial services provider’s stock worth $1,499,000 after purchasing an additional 4,673 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Seritage Growth Properties during the 4th quarter worth $343,000. Lee Danner & Bass Inc. purchased a new stake in shares of Seritage Growth Properties during the 4th quarter worth $8,578,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Seritage Growth Properties by 3.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 47,900 shares of the financial services provider’s stock worth $1,938,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 78.48% of the company’s stock.

In related news, major shareholder Bruce R. Berkowitz sold 60,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.35, for a total value of $2,421,000.00. Following the completion of the transaction, the insider now owns 528,498 shares of the company’s stock, valued at approximately $21,324,894.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bruce R. Berkowitz sold 18,600 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $40.04, for a total transaction of $744,744.00. Following the transaction, the insider now directly owns 568,598 shares of the company’s stock, valued at approximately $22,766,663.92. The disclosure for this sale can be found here. Insiders sold a total of 1,057,400 shares of company stock valued at $43,003,193 in the last three months. 9.78% of the stock is currently owned by corporate insiders.

Seritage Growth Properties (SRG) opened at $39.21 on Wednesday. Seritage Growth Properties has a one year low of $37.78 and a one year high of $50.00. The firm has a market cap of $1,399.16, a PE ratio of -28.21 and a beta of 0.96. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.96.

Several equities research analysts recently commented on SRG shares. Boenning Scattergood set a $38.00 price objective on shares of Seritage Growth Properties and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 23rd.

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Seritage Growth Properties Profile

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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