Plural Investing Increased its Stake in Seaport Entertainment (SEG) in Q1
From Yahoo Finance: 2025-04-28 08:18:00
Plural Investing LLC reported a gross return of -14.8% and a net return of -15.1% in Q1 2025. The firm focuses on companies trading below their intrinsic value. The top five holdings can be found in their Q1 investor letter for potential investment insights.
Seaport Entertainment Group Inc. (AMEX:SEG) had a one-month return of -11.36% and a YTD loss of 31.91%. The stock closed at $19.03 with a market cap of $241.578 million on April 25, 2025. Plural Investing has a positive long-term outlook on the company, estimating its intrinsic value to be around $50 in three years.
Seaport Entertainment Group Inc. (AMEX:SEG) was spun out of Howard Hughes in July 2024 and has a market cap of $230 million. Plural Investing believes the company’s stabilized properties alone are worth the market cap, with potential for further growth under new management. They first bought shares at $27 and predict an intrinsic value of $50 in three years.
Seaport Entertainment Group Inc. (AMEX:SEG) is not one of the 30 most popular stocks among hedge funds. While the company reported consistent revenues of $22.8 million in Q4, the focus remains on AI stocks for higher returns. Hedge funds are exploring AI stocks like NVIDIA for promising investment opportunities with potential for significant growth.
Read more at Yahoo Finance: Plural Investing Increased its Stake in Seaport Entertainment (SEG) in Q1