Seaport Entertainment Gr (NYSE:SEG) Announces Earnings Results

Seaport Entertainment Gr (NYSE:SEG) released its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $34.29 million during the quarter. Seaport Entertainment Gr had a negative return on equity of 10.45% and a negative net margin of 100.93%.

Seaport Entertainment Gr Stock Performance

SEG traded up $0.35 during trading on Wednesday, hitting $26.92. 93,180 shares of the stock were exchanged, compared to its average volume of 71,166. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 0.09. Seaport Entertainment Gr has a 1-year low of $17.74 and a 1-year high of $28.34. The stock has a fifty day moving average price of $25.62 and a two-hundred day moving average price of $22.62. The firm has a market capitalization of $344.58 million, a P/E ratio of -2.66 and a beta of 1.23.

Analysts Set New Price Targets

SEG has been the topic of several research analyst reports. JonesTrading cut their target price on Seaport Entertainment Gr from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seaport Entertainment Gr in a report on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Hedge Funds Weigh In On Seaport Entertainment Gr

A number of hedge funds have recently modified their holdings of SEG. Marquette Asset Management LLC purchased a new stake in Seaport Entertainment Gr in the 2nd quarter valued at $392,000. Quantinno Capital Management LP grew its position in 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 purchasing an additional 1,235 shares during the last quarter. Lazard Asset Management LLC increased 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 purchasing an additional 846 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Seaport Entertainment Gr by 123.6% in the first quarter. Renaissance Technologies LLC now owns 82,300 shares of the company’s stock valued at $1,768,000 after purchasing an additional 45,500 shares during the period.

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.