Russell Investments Group Ltd. lifted its position in shares of SITE Centers Corp. (NASDAQ:SITC) by 63.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,874,270 shares of the company’s stock after acquiring an additional 731,067 shares during the quarter. Russell Investments Group Ltd.’s holdings in SITE Centers were worth $28,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SITC. Citadel Advisors LLC grew its position in shares of SITE Centers by 257.6% during the 2nd quarter. Citadel Advisors LLC now owns 1,677,011 shares of the company’s stock worth $22,203,000 after buying an additional 1,208,067 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of SITE Centers during the 2nd quarter worth $12,491,000. Marshall Wace North America L.P. bought a new position in shares of SITE Centers during the 2nd quarter worth $4,742,000. Great Lakes Advisors LLC bought a new position in shares of SITE Centers during the 2nd quarter worth $4,727,000. Finally, Hill Winds Capital LP bought a new position in shares of SITE Centers during the 2nd quarter worth $3,575,000.

SITC opened at $14.96 on Friday. SITE Centers Corp. has a 12-month low of $10.71 and a 12-month high of $15.85. The business’s fifty day simple moving average is $15.10 and its 200-day simple moving average is $13.97.

SITE Centers (NASDAQ:SITC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). The company had revenue of $109.70 million during the quarter, compared to analysts’ expectations of $111.73 million. SITE Centers’s revenue was down 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, October 1st. Mizuho downgraded SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Friday, September 13th. Finally, Compass Point assumed coverage on SITE Centers in a research report on Thursday, August 15th. They set a “neutral” rating and a $14.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.67.

About SITE Centers

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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Institutional Ownership by Quarter for SITE Centers (NASDAQ:SITC)

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