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

Seaport Entertainment Gr (NYSE:SEG) had its price target boosted by JonesTrading from $27.00 to $36.00 in a report issued on Thursday morning,Benzinga reports. JonesTrading currently has a buy rating on the stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seaport Entertainment Gr has a consensus rating of “Hold” and an average target price of $36.00.

Seaport Entertainment Gr Stock Performance

SEG opened at $28.24 on Thursday. The stock has a market cap of $361.75 million, a P/E ratio of -2.88 and a beta of 1.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.06 and a quick ratio of 5.78. The stock’s 50 day simple moving average is $25.79 and its 200 day simple moving average is $22.73. Seaport Entertainment Gr has a 1-year low of $17.74 and a 1-year high of $29.19.

Seaport Entertainment Gr (NYSE:SEG) last released its quarterly earnings data 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 return on equity of 9.40% and a negative net margin of 101.96%.

Hedge Funds Weigh In On Seaport Entertainment Gr

Several hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP lifted 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 in the last quarter. Renaissance Technologies LLC boosted its stake 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 during the last quarter. Marquette Asset Management LLC purchased a new stake in Seaport Entertainment Gr during the 2nd quarter worth about $392,000. Finally, Lazard Asset Management LLC increased its position in Seaport Entertainment Gr by 1.8% during the 1st quarter. Lazard Asset Management LLC now owns 47,468 shares of the company’s stock worth $1,020,000 after purchasing an additional 846 shares in 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.