JonesTrading Issues Positive Forecast for Seaport Entertainment Gr (NYSE:SEG) Stock Price

Key Points

• JonesTrading raised its price target for Seaport Entertainment Group from $27 to $36 and maintained a “Buy” rating, implying 33.22% upside from the prior close.
• Analyst sentiment remains mixed: Weiss Ratings reiterated a “Sell (D-)” rating, while the two-analyst consensus is “Hold” with a $36 target price.
• SEG shares rose 0.5% to $27.02. The company reported quarterly revenue of $34.29 million and earnings of $0.02 per share, but continued to post a negative net margin and return on equity.

Seaport Entertainment Gr (NYSE:SEG - Get Free Report) had its price target increased by equities researchers at JonesTrading from $27.00 to $36.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. JonesTrading's price objective suggests a potential upside of 33.22% from the stock's previous close.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Seaport Entertainment Gr in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Seaport Entertainment Gr has an average rating of "Hold" and a consensus target price of $36.00.

Seaport Entertainment Gr Trading Up 0.5%

Shares of Seaport Entertainment Gr stock traded up $0.14 during trading on Thursday, reaching $27.02. 103,423 shares of the company were exchanged, compared to its average volume of 71,383. The business has a 50-day moving average price of $25.68 and a 200-day moving average price of $22.65. 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 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 twelve month low of $17.74 and a twelve month high of $28.34.

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

Institutional Trading of Seaport Entertainment Gr

Hedge funds have recently added to or reduced their stakes in the business. Marquette Asset Management LLC bought a new position in Seaport Entertainment Gr during the second quarter worth about $392,000. Quantinno Capital Management LP grew its position in shares of Seaport Entertainment Gr by 5.4% in the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company's stock valued at $519,000 after purchasing an additional 1,235 shares during the period. Lazard Asset Management LLC grew its position in shares of Seaport Entertainment Gr by 1.8% in the 1st 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% during the 1st quarter. Renaissance Technologies LLC now owns 82,300 shares of the company's stock worth $1,768,000 after purchasing an additional 45,500 shares in the last quarter.

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.

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