JonesTrading Boosts Seaport Entertainment Gr (NYSE:SEG) Price Target to $36.00

Seaport Entertainment Gr (NYSE:SEG) had its price objective hoisted by analysts at JonesTrading from $27.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. JonesTrading’s price target would suggest a potential upside of 33.22% from the stock’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Seaport Entertainment Gr Stock Up 0.5%

NYSE SEG traded up $0.14 on Thursday, reaching $27.02. The company had a trading volume of 103,423 shares, compared to its average volume of 71,383. The firm has a market capitalization of $345.94 million, a price-to-earnings ratio of -2.67 and a beta of 1.23. 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 has a 1-year low of $17.74 and a 1-year high of $28.34. The company’s fifty day moving average is $25.68 and its 200-day moving average is $22.65.

Seaport Entertainment Gr (NYSE:SEG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $34.29 million for the quarter. Seaport Entertainment Gr had a negative return on equity of 10.45% and a negative net margin of 100.93%.

Institutional Investors Weigh In On Seaport Entertainment Gr

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEG. Renaissance Technologies LLC boosted its stake 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 buying an additional 45,500 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of 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 during the last quarter. Quantinno Capital Management LP increased its position in shares of Seaport Entertainment Gr by 5.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $519,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in shares of Seaport Entertainment Gr in the second quarter valued at about $392,000.

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.