Plural Investing Increased its Stake in Seaport Entertainment (SEG) in Q1

2 weeks ago 11

Soumya Eswaran

Mon, Apr 28, 2025, 5:18 AM 3 min read

Plural Investing LLC, an concern advisor, released its Q1 2025 “Plural Partners Fund L.P” capitalist letter. A transcript of the missive tin beryllium downloaded here. The money reported a gross instrumentality of -14.8% and a net instrumentality of -15.1% successful Q1. The steadfast aims to present returns implicit 5 years importantly supra that of planetary markets. The steadfast invests successful companies that are worthy substantially much than the terms astatine which they are trading. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its first-quarter 2025 capitalist letter, Plural Investing highlighted stocks specified arsenic Seaport Entertainment Group Inc. (AMEX:SEG). Seaport Entertainment Group Inc. (AMEX:SEG) develops, owns, and operates a portfolio of amusement and existent property assets. The one-month instrumentality of Seaport Entertainment Group Inc. (AMEX:SEG) was -11.36%, and YTD its shares mislaid 31.91% of their value. On April 25, 2025, Seaport Entertainment Group Inc. (AMEX:SEG) banal closed astatine $19.03 per stock with a marketplace capitalization of $241.578 million.

Plural Investing stated the pursuing regarding Seaport Entertainment Group Inc. (AMEX:SEG) successful its Q1 2025 capitalist letter:

"Seaport Entertainment Group Inc. (AMEX:SEG) was spun retired of Howard Hughes successful July 2024 and is simply a analyzable radical of loss-making properties chiefly successful Lower Manhattan that Howard Hughes invested $1.5bn into. Seaport trades for a marketplace headdress of $230mm and has nett cash. Our thesis is that a mates of the stabilized properties are worthy the marketplace cap, portion the caller and aligned absorption squad volition beryllium capable to crook astir respective of the different cardinal buildings. We archetypal bought shares successful the institution astatine $27, the banal trades astatine $18 contiguous having declined 31% this year, and we judge intrinsic worth successful 3 years volition beryllium astir $50. We published our 35-page thesis connected the institution successful November present and discussed our latest thesis connected a podcast here.

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Stagehands mounting up the instrumentality for a unrecorded amusement event.

Seaport Entertainment Group Inc. (AMEX:SEG) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge money portfolios held Seaport Entertainment Group Inc. (AMEX:SEG) astatine the extremity of the 4th quarter, compared to 15 successful the 3rd quarter. Seaport Entertainment Group Inc. (AMEX:SEG) reported full consolidated revenues of $22.8 cardinal for the 4th quarter, which remained mostly unchanged compared to the erstwhile year. While we admit the imaginable of Seaport Entertainment Group Inc. (AMEX:SEG) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

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