Seaport Entertainment Gr (NYSE:SEG) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Seaport Entertainment Group from “hold” to “sell.” Analyst opinions remain mixed, with one Buy, one Hold and one Sell rating; the consensus price target is $30.
• The company reported a quarterly loss of $0.23 per share, missing analyst estimates of a $0.05 loss, on revenue of $32.7 million.
• SEG shares opened at $20.50, within a 12-month range of $17.74 to $29.61.

Seaport Entertainment Gr (NYSE:SEG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of Seaport Entertainment Gr to a "hold" rating in a research note on Friday, October 2nd. JonesTrading decreased their target price on shares of Seaport Entertainment Gr from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Seaport Entertainment Gr in a research note on Friday, October 30th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.00.

Seaport Entertainment Gr Stock Performance

Shares of SEG stock opened at $20.50 on Friday. Seaport Entertainment Gr has a 12 month low of $17.74 and a 12 month high of $29.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.44 and a current ratio of 5.44. The company's fifty day moving average price is $23.00 and its 200-day moving average price is $23.63.

Seaport Entertainment Gr (NYSE:SEG - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.18). The business had revenue of $32.70 million during the quarter. Seaport Entertainment Gr had a negative return on equity of 8.90% and a negative net margin of 90.74%. Equities analysts expect that Seaport Entertainment Gr will post -1.80 earnings per share for the current year.

Institutional Investors Weigh In On Seaport Entertainment Gr

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased 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 in the last quarter. Kahn Brothers Group Inc. purchased a new position in shares of Seaport Entertainment Gr in the 2nd quarter worth about $24,392,000. Marquette Asset Management LLC purchased a new position in shares of Seaport Entertainment Gr in the 2nd quarter worth about $392,000. Quantinno Capital Management LP boosted 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 worth $519,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in Seaport Entertainment Gr by 7.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 23,690 shares of the company's stock worth $542,000 after purchasing an additional 1,588 shares in the last quarter.

About Seaport Entertainment Gr

Seaport Entertainment Group Inc. is an entertainment and hospitality company focused on operating and developing destination-oriented properties. Its activities include dining, retail, live entertainment and other visitor experiences. The company's flagship portfolio is the Seaport in Lower Manhattan, New York City. Its properties and attractions include Pier 17, a waterfront venue for concerts and events, and the Tin Building, a food hall and market featuring restaurants and specialty food offerings.

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