Neuburgh Advisers LLC Buys 37,744 Shares of SITE Centers Corp. (NASDAQ:SITC)
Neuburgh Advisers LLC raised its stake in shares of SITE Centers Corp. (NASDAQ:SITC) by 1,012.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,472 shares of the company’s stock after buying an additional 37,744 shares during the quarter. Neuburgh Advisers LLC’s holdings in SITE Centers were worth $549,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in SITE Centers by 10.2% during the 1st quarter. FMR LLC now owns 6,350,438 shares of the company’s stock worth $86,492,000 after buying an additional 589,325 shares during the period. LSV Asset Management grew its stake in SITE Centers by 0.6% in the first quarter. LSV Asset Management now owns 5,231,774 shares of the company’s stock valued at $71,256,000 after acquiring an additional 29,350 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of SITE Centers by 29.4% in the first quarter. Frontier Capital Management Co. LLC now owns 3,219,451 shares of the company’s stock worth $43,849,000 after acquiring an additional 731,075 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of SITE Centers in the fourth quarter worth about $26,986,000. Finally, Geode Capital Management LLC raised its position in shares of SITE Centers by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 1,866,337 shares of the company’s stock worth $20,660,000 after purchasing an additional 89,025 shares during the period.
Separately, Compass Point assumed coverage on SITE Centers in a research report on Thursday, August 15th. They issued a “neutral” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. SITE Centers currently has a consensus rating of “Hold” and an average target price of $14.00.
SITE Centers (NASDAQ:SITC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.23). The firm had revenue of $113.50 million for the quarter, compared to the consensus estimate of $113.12 million. The firm’s revenue was down 44.4% on a year-over-year basis.
SITE Centers Company Profile
SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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