Seaport Entertainment Group Inc. (NYSE:SEG) is one of the 6 Cheap Stocks to Buy According to Bill Ackman.
Seaport Entertainment Group Inc. (NYSE:SEG) is a real estate firm focused on the entertainment sector
The shares are up by 18.8% over the past year and by 23% year-to-date. The firm has been busy in 2026 consolidating and streamlining its balance sheet. In February, Seaport Entertainment Group Inc. (NYSE:SEG) announced that it had closed food operations at the Tin Building in New York.
In its place, the Balloon Museum will open at the facility. Additionally, the firm’s decision to divest the 250 Water Street property aims to remove $7 million in annual cash burn and $61 million in mortgage debt. In May, Seaport Entertainment Group Inc. (NYSE:SEG) announced that it would partner with Public Service to develop a new restaurant in Manhattan as part of the development of a historic building.