Kahn Brothers Group Inc. Makes New Investment in Seaport Entertainment Gr $SEG

Kahn Brothers Group Inc. bought a new stake in Seaport Entertainment Gr (NYSE:SEG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 917,005 shares of the company’s stock, valued at approximately $24,392,000. Seaport Entertainment Gr accounts for about 0.0% of Kahn Brothers Group Inc.’s portfolio, making the stock its 21st largest holding. Kahn Brothers Group Inc. owned 0.07% of Seaport Entertainment Gr as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Marquette Asset Management LLC acquired a new stake in shares of Seaport Entertainment Gr during the 2nd quarter worth approximately $392,000. Quantinno Capital Management LP lifted its holdings 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 worth $519,000 after purchasing an additional 1,235 shares during the last quarter. Lazard Asset Management LLC boosted 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 valued at $1,020,000 after purchasing an additional 846 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Seaport Entertainment Gr by 123.6% during the 1st quarter. Renaissance Technologies LLC now owns 82,300 shares of the company’s stock valued at $1,768,000 after purchasing an additional 45,500 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JonesTrading upped their price objective on Seaport Entertainment Gr from $27.00 to $36.00 and gave the stock a “buy” rating in a research note 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.00.

Seaport Entertainment Gr Stock Up 0.1%

Shares of Seaport Entertainment Gr stock opened at $27.05 on Friday. The business’s fifty day moving average price is $26.72 and its two-hundred day moving average price is $23.37. 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 company has a market capitalization of $346.57 million, a P/E ratio of -2.76 and a beta of 1.23. Seaport Entertainment Gr has a 1-year low of $17.74 and a 1-year high of $29.61.

Seaport Entertainment Gr (NYSE:SEG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter. The company 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%.

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.