Seaport Entertainment Gr (NYSE:SEG) Shares Up 0.1% – Here’s What Happened

Seaport Entertainment Gr (NYSE:SEG)’s share price shot up 0.1% during trading on Monday . The company traded as high as $26.30 and last traded at $25.6350. Approximately 68,210 shares changed hands during trading, an increase of 20% from the average session volume of 56,800 shares. The stock had previously closed at $25.60.

Wall Street Analyst Weigh In

SEG has been the topic of several research analyst reports. Weiss Ratings assumed coverage on Seaport Entertainment Gr in a research note on Wednesday, May 6th. They issued a “sell (d-)” rating on the stock. JonesTrading reduced their target price on Seaport Entertainment Gr from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

Seaport Entertainment Gr Stock Up 1.6%

The firm has a market cap of $339.70 million, a P/E ratio of -2.62 and a beta of 1.23. The firm’s fifty day moving average is $24.67 and its 200 day moving average is $22.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.78 and a current ratio of 5.78.

Seaport Entertainment Gr (NYSE:SEG) last posted its earnings results on Wednesday, May 6th. The company reported ($1.41) EPS for the quarter. The firm had revenue of $12.74 million during the quarter. Seaport Entertainment Gr had a negative net margin of 100.93% and a negative return on equity of 10.45%.

Institutional Investors Weigh In On Seaport Entertainment Gr

A number of hedge funds and other institutional investors have recently modified their holdings of SEG. Marquette Asset Management LLC acquired a new position in shares of Seaport Entertainment Gr in the second quarter valued at about $392,000. Quantinno Capital Management LP raised its stake in Seaport Entertainment Gr by 5.4% in the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $519,000 after purchasing an additional 1,235 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Seaport Entertainment Gr by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 47,468 shares of the company’s stock valued at $1,020,000 after purchasing an additional 846 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Seaport Entertainment Gr by 123.6% during the 1st quarter. Renaissance Technologies LLC now owns 82,300 shares of the company’s stock worth $1,768,000 after purchasing an additional 45,500 shares in the last quarter.

About Seaport Entertainment Gr

Seaport Entertainment Group Inc develops, owns, and operates a portfolio of entertainment and real estate assets primarily in the New York City and Las Vegas. It operates through three segments: Landlord Operations; Hospitality; and Sponsorships, Events, and Entertainment. The company’s Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units in Seaport.