Seaport Entertainment Gr (NYSE:SEG) Price Target Cut to $30.00 by Analysts at JonesTrading

Seaport Entertainment Gr (NYSE:SEG) had its target price cut by analysts at JonesTrading from $36.00 to $30.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. JonesTrading‘s target price would suggest a potential upside of 39.57% from the company’s current price.

SEG has been the subject of several other research reports. Zacks Research upgraded Seaport Entertainment Gr to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a report on Friday, October 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Seaport Entertainment Gr currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Seaport Entertainment Gr Stock Performance

NYSE:SEG opened at $21.50 on Friday. Seaport Entertainment Gr has a 1 year low of $17.74 and a 1 year high of $29.61. The firm has a 50 day moving average of $23.70 and a 200-day moving average of $23.62. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.09.

Seaport Entertainment Gr (NYSE:SEG) last announced its earnings results on Wednesday, November 4th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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 8.76% and a negative net margin of 90.74%. Equities research analysts expect that Seaport Entertainment Gr will post -1.80 earnings per share for the current fiscal year.

Institutional Trading of Seaport Entertainment Gr

Several hedge funds have recently modified their holdings of the stock. Kahn Brothers Group Inc. bought a new stake in shares of Seaport Entertainment Gr during the second quarter valued at approximately $24,392,000. Renaissance Technologies LLC increased its holdings in shares of Seaport Entertainment Gr by 123.6% in the first 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 in the last quarter. Marquette Asset Management LLC bought a new position in Seaport Entertainment Gr in the 2nd quarter worth approximately $392,000. O Keefe Stevens Advisory Inc. raised its position in Seaport Entertainment Gr by 9.7% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 53,869 shares of the company’s stock worth $1,233,000 after purchasing an additional 4,784 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position 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 during the last quarter.

Seaport Entertainment Gr Company Profile

Seaport Entertainment Group Inc (NYSE:SEG) is an entertainment and hospitality company focused on owning, operating and developing destinations that combine dining, retail, sports, entertainment and real estate. Its activities are centered on creating mixed-use experiences that attract visitors, residents and event attendees.

The company’s portfolio includes the Seaport district in Lower Manhattan, a large-scale waterfront destination featuring restaurants, shops, entertainment venues, public spaces and cultural attractions.