Investment in plural increased its participation in Seaport Entertainment (SEG) in the first quarter
Plural Investing LLC, an investment advisor, published his letter as an investor “Plural Partners Fund LP”. A copy of the letter can be downloaded here. The fund declared a gross return of -14.8% and a net return of -15.1% in the first quarter. The company aims to provide yields over five years more and more that of global markets. The company is investing in companies that are worth much more than the price at which they are negotiated. In addition, please consult the five best assets of the fund to find out its best choices in 2025.
In his letter of investors in the first quarter of 2025, Plural Investing highlighted actions such as Seaport Entertainment Group Inc. (Amex: SEG). Seaport Entertainment Group Inc. (Amex: SEG) develops, has and operates a portfolio of entertainment and real estate. The yield of one month of Seaport Entertainment Group Inc. (Amex: SEG) was -11.36%, and YTD its shares lost 31.91% of their value. On April 25, 2025, Seaport Entertainment Group Inc. (Amex: SEG) closed $ 19.03 per share with a market capitalization of $ 241.578 million.
The investment in plural indicated the following concerning Seaport Entertainment Group Inc. (Amex: SEG) in its letter of investors T1 2025:
“Seaport Entertainment Group Inc. (Amex: SEG) was released from Howard Hughes in July 2024 and is a complex group of loss properties mainly at the bottom of Manhattan in which Howard Hughes has invested $ 1.5 billion. SeaFort is traded for a market capitalization of $ 230 million and has net species. Our thesis is that some stabilized properties are worth market capitalization, while the new aligned management team will be able to overthrow several of the other key buildings. We first bought the company’s shares at $ 27, the action is negotiated at $ 18 today after decreasing by 31% this year, and we believe that intrinsic value in three years will be around $ 50. We published our 35 -page thesis on the company in November here and discussed our latest thesis on a podcast here.
Stagehands configuring the equipment for a live entertainment event.
Seaport Entertainment Group Inc. (Amex: SEG) is not on our list of the 30 most popular actions among hedge funds. According to our database, 13 hedge fund portfolios held Seaport Entertainment Group Inc. (Amex: SEG) at the end of the fourth quarter, against 15 in the third quarter. Seaport Entertainment Group Inc. (AMEX: SEG) said that total consolidated income of $ 22.8 million for the fourth quarter, which was mostly unchanged from the previous year. While we recognize the potential of Seaport Entertainment Group Inc. (Amex: SEG) as an investment, our conviction lies in the conviction that AI actions are more promising for the higher yield provision and doing it within a shorter period. If you are looking for a stock of AI which is as promising as Nvidia but which is negotiated within 5 times its income, consult our report on the Stock ai the cheapest.
