Kahn Brothers Group Inc. Invests $24.39 Million in Seaport Entertainment Gr $SEG

Kahn Brothers Group Inc. purchased a new position in Seaport Entertainment Gr (NYSE:SEG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 917,005 shares of the company’s stock, valued at approximately $24,392,000. Seaport Entertainment Gr makes up about 0.0% of Kahn Brothers Group Inc.’s portfolio, making the stock its 21st biggest holding. Kahn Brothers Group Inc. owned approximately 7.16% of Seaport Entertainment Gr as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in 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 during the last quarter. Quantinno Capital Management LP raised its position in shares of Seaport Entertainment Gr by 5.4% in the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $519,000 after purchasing an additional 1,235 shares in the last quarter. Marquette Asset Management LLC purchased a new position in shares of Seaport Entertainment Gr during the 2nd quarter valued at approximately $392,000. Finally, Lazard Asset Management LLC boosted its stake 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 valued at $1,020,000 after buying an additional 846 shares during the last quarter.

Seaport Entertainment Gr Trading Up 0.1%

NYSE:SEG opened at $27.05 on Friday. The company has a market cap of $346.57 million, a PE ratio of -2.76 and a beta of 1.23. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $23.37. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.09. Seaport Entertainment Gr has a 52 week low of $17.74 and a 52 week high of $29.61.

Seaport Entertainment Gr (NYSE:SEG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.02 earnings per share for the quarter. Seaport Entertainment Gr had a negative return on equity of 9.40% and a negative net margin of 101.96%.The business had revenue of $34.29 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SEG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a research note on Monday, August 3rd. JonesTrading increased their price objective on shares of Seaport Entertainment Gr from $27.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Seaport Entertainment Gr Company Profile

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.