Seaport Entertainment Gr $SEG Shares Purchased by Renaissance Technologies LLC

Key Points

• Renaissance Technologies increased its Seaport Entertainment Group position by 123.6% in the first quarter, purchasing 45,500 additional shares and ending with 82,300 shares valued at approximately $1.77 million.
• SEG shares recently traded at $29.16, near their 52-week high of $29.30. The company reported $34.29 million in quarterly revenue and $0.02 earnings per share, but continued to post a negative net margin of 101.96%.
• Analyst sentiment remains mixed: JonesTrading raised its price target to $36 and maintained a “buy” rating, while Weiss Ratings reiterated a “sell” rating. The consensus rating is “Hold,” with a $36 average price target.

Renaissance Technologies LLC grew its position in Seaport Entertainment Gr (NYSE:SEG - Free Report) by 123.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,300 shares of the company's stock after purchasing an additional 45,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.64% of Seaport Entertainment Gr worth $1,768,000 at the end of the most recent reporting period.

Seaport Entertainment Gr Trading Up 1.0%

Shares of SEG opened at $29.16 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.06 and a quick ratio of 4.06. The firm has a 50 day simple moving average of $25.97 and a 200-day simple moving average of $22.83. Seaport Entertainment Gr has a 1-year low of $17.74 and a 1-year high of $29.30. The stock has a market cap of $373.51 million, a price-to-earnings ratio of -2.98 and a beta of 1.23.

Seaport Entertainment Gr (NYSE:SEG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $34.29 million during the quarter. Seaport Entertainment Gr had a negative net margin of 101.96% and a negative return on equity of 9.40%.

Wall Street Analysts Forecast Growth

SEG has been the subject of a number of research analyst reports. JonesTrading upped their target price on Seaport Entertainment Gr from $27.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Seaport Entertainment Gr in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seaport Entertainment Gr currently has an average rating of "Hold" and a consensus price target of $36.00.

Seaport Entertainment Gr 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.

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