Seaport Entertainment Gr (NYSE:SEG) Trading 0.1% Higher – Still a Buy?

Seaport Entertainment Gr (NYSE:SEG)’s stock price shot up 0.1% during mid-day trading on Monday . The company traded as high as $26.30 and last traded at $25.6350. Approximately 68,210 shares traded hands during trading, an increase of 20% from the average daily volume of 56,800 shares. The stock had previously closed at $25.60.

Analyst Ratings Changes

Several brokerages have commented on SEG. Weiss Ratings started coverage on Seaport Entertainment Gr in a research note on Wednesday, May 6th. They issued a “sell (d-)” rating for the company. JonesTrading reduced their target price on Seaport Entertainment Gr from $30.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Seaport Entertainment Gr Trading Up 0.1%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.78 and a current ratio of 5.78. The stock has a market cap of $328.13 million, a P/E ratio of -2.53 and a beta of 1.23. The stock has a 50-day moving average price of $24.60 and a 200-day moving average price of $22.31.

Seaport Entertainment Gr (NYSE:SEG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.41) earnings per share for the quarter. The company had revenue of $12.74 million during the quarter. Seaport Entertainment Gr had a negative return on equity of 10.45% and a negative net margin of 100.93%.

Hedge Funds Weigh In On Seaport Entertainment Gr

A number of hedge funds and other institutional investors have recently bought and sold shares of SEG. Marquette Asset Management LLC bought a new position in shares of Seaport Entertainment Gr in the 2nd quarter worth $392,000. Quantinno Capital Management LP raised 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 valued at $519,000 after buying an additional 1,235 shares in the last quarter. Lazard Asset Management LLC raised 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 valued at $1,020,000 after buying an additional 846 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 45,500 shares during the last quarter.

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.