Seaport Entertainment Gr (NYSE:SEG) Price Target Cut to $30.00 by Analysts at JonesTrading

Seaport Entertainment Gr (NYSE:SEG) had its target price cut by JonesTrading from $36.00 to $30.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on SEG. Zacks Research raised Seaport Entertainment Gr to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a research note on Friday, October 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seaport Entertainment Gr currently has an average rating of “Hold” and an average target price of $30.00.

Seaport Entertainment Gr Trading Down 3.5%

Seaport Entertainment Gr stock traded down $0.75 during midday trading on Friday, reaching $20.73. 125,253 shares of the stock traded hands, compared to its average volume of 67,909. The firm has a market cap of $265.59 million, a PE ratio of -2.65 and a beta of 1.27. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $23.58 and a two-hundred day simple moving average of $23.62. Seaport Entertainment Gr has a 12-month low of $17.74 and a 12-month high of $29.61.

Seaport Entertainment Gr (NYSE:SEG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The business had revenue of $32.70 million for the quarter. Seaport Entertainment Gr had a negative return on equity of 9.40% and a negative net margin of 101.96%. Research analysts expect that Seaport Entertainment Gr will post -1.80 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. O Keefe Stevens Advisory Inc. boosted its holdings in Seaport Entertainment Gr by 9.7% in the third quarter. O Keefe Stevens Advisory Inc. now owns 53,869 shares of the company’s stock valued at $1,233,000 after purchasing an additional 4,784 shares in the last quarter. Kahn Brothers Group Inc. acquired a new stake in Seaport Entertainment Gr during the second quarter worth approximately $24,392,000. Marquette Asset Management LLC purchased a new stake in shares of Seaport Entertainment Gr during the 2nd quarter worth approximately $392,000. Quantinno Capital Management LP lifted its position in shares of Seaport Entertainment Gr by 5.4% during the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $519,000 after buying an additional 1,235 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Seaport Entertainment Gr by 1.8% during the 1st quarter. Lazard Asset Management LLC now owns 47,468 shares of the company’s stock worth $1,020,000 after buying an additional 846 shares during the last quarter.

Seaport Entertainment Gr Company Profile

Seaport Entertainment Group Inc (NYSE:SEG) is an entertainment and hospitality company focused on owning, operating and developing destinations that combine dining, retail, sports, entertainment and real estate. Its activities are centered on creating mixed-use experiences that attract visitors, residents and event attendees.

The company’s portfolio includes the Seaport district in Lower Manhattan, a large-scale waterfront destination featuring restaurants, shops, entertainment venues, public spaces and cultural attractions.