Insider Selling: LAMPERT EDWARD S, Seritage Growth Properties [SRG] 10% Owner divested 65,917 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Seritage Growth Properties shares valued at $779,218 were sold by LAMPERT EDWARD S on Sep 16. At $11.82 per share, LAMPERT EDWARD S sold 65,917 shares. The insider’s holdings dropped to 16,241,397 shares worth approximately $163.23 million following the completion of this transaction.

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Analyzing SRG’s Price Performance

On Wednesday, Seritage Growth Properties [NYSE: SRG] plunged -9.05% to $10.05. The stock’s lowest price that day was $10.05, but it reached a high of $11.00 in the same session. During the last five days, there has been a drop of approximately -17.96%. Over the course of the year, Seritage Growth Properties shares have dropped approximately -24.27%. Shares of the company reached a 52-week high of $14.62 on 01/05/22 and a 52-week low of $4.90 on 06/30/22. A 50-day SMA is recorded $12.31, while a 200-day SMA reached $10.80. Nevertheless, trading volume fell to 1.6 million shares from 0.7 million shares the previous day.

Support And Resistance Levels for Seritage Growth Properties (SRG)

According to the 24-hour chart, there is a support level at 9.73, which, if violated, would cause prices to drop to 9.42. In the upper region, resistance lies at 10.68. The next price resistance is at 11.32. RSI (Relative Strength Index) is 24.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Seritage Growth Properties subject to short interest?

Stocks of Seritage Growth Properties saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.32 million shares to 8.11 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.43 million shares. A decline of -3.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.53 of the overall float, the days-to-cover ratio (short ratio) decline to 1.53.

Which companies own the most shares of Seritage Growth Properties (SRG)?

According to Hotchkis & Wiley Capital Manageme filings, the company currently owns 5,621,204 shares, which is about 10.03% of the total SRG shares outstanding. The investor’s shares have plunged by -13,738 from its previous 13-F filing of 5634942.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $49,321,877. BlackRock Fund Advisors acquire a 8.79% interest valued at $33.7 million while SSgA Funds Management, Inc. sold a -161,898 stake. A total of 80,539 shares of Seritage Growth Properties were sold by Geode Capital Management LLC during the quarter, and 0 by Aquamarine Capital Management LLC. In its current portfolio, Littlejohn & Co. LLC holds 439,753 shares valued at $5.51 million.

In terms of Seritage Growth Properties share price expectations, FactSet research, analysts set an average price target of $16.00 in the next 12 months, up nearly 44.8% from the previous closing price of $11.05. Analysts anticipate Seritage Growth Properties stock to reach $16.00 by 2022, with the lowest price target being $16.00. In spite of this, 1 analysts ranked Seritage Growth Properties stock as a Hold at the end of 2022.


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