Seaport Entertainment Gr (NYSE:SEG) Releases Earnings Results

Seaport Entertainment Gr (NYSE:SEG) issued its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. Seaport Entertainment Gr had a negative net margin of 101.96% and a negative return on equity of 9.15%. The company had revenue of $34.29 million during the quarter.

Seaport Entertainment Gr Stock Up 4.1%

SEG stock traded up $1.10 during trading on Friday, hitting $28.11. 82,983 shares of the company’s stock traded hands, compared to its average volume of 71,445. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $359.87 million, a P/E ratio of -2.85 and a beta of 1.23. The business has a fifty day simple moving average of $25.73 and a two-hundred day simple moving average of $22.68. Seaport Entertainment Gr has a 1 year low of $17.74 and a 1 year high of $29.19.

Institutional Trading of Seaport Entertainment Gr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Seaport Entertainment Gr by 123.6% during the first quarter. Renaissance Technologies LLC now owns 82,300 shares of the company’s stock valued at $1,768,000 after acquiring an additional 45,500 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Seaport Entertainment Gr by 1.8% in the first quarter. Lazard Asset Management LLC now owns 47,468 shares of the company’s stock valued at $1,020,000 after acquiring an additional 846 shares in the last quarter. Quantinno Capital Management LP increased 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 valued at $519,000 after buying an additional 1,235 shares during the period. Finally, Marquette Asset Management LLC acquired a new stake in shares of Seaport Entertainment Gr in the 2nd quarter worth approximately $392,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JonesTrading lifted their target price on Seaport Entertainment Gr from $27.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seaport Entertainment Gr in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.

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.