Blackstone Group L.P. maintained its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,502,063 shares of the company’s stock at the end of the first quarter. SeaWorld Entertainment makes up approximately 2.7% of Blackstone Group L.P.’s holdings, making the stock its 8th largest position. Blackstone Group L.P. owned 22.85% of SeaWorld Entertainment worth $356,303,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of SEAS. Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment during the first quarter worth approximately $486,000. Gotham Asset Management LLC acquired a new position in shares of SeaWorld Entertainment during the first quarter worth approximately $4,518,000. State Street Corp increased its position in shares of SeaWorld Entertainment by 2.0% in the first quarter. State Street Corp now owns 1,228,225 shares of the company’s stock worth $22,440,000 after buying an additional 24,497 shares during the period. Rutabaga Capital Management LLC MA increased its position in shares of SeaWorld Entertainment by 76.2% in the first quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock worth $17,529,000 after buying an additional 414,821 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of SeaWorld Entertainment during the first quarter worth approximately $466,000.
Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) traded down 2.61% during midday trading on Tuesday, hitting $15.65. 1,718,215 shares of the stock were exchanged. SeaWorld Entertainment, Inc. has a 12 month low of $11.77 and a 12 month high of $20.13. The company has a market cap of $1.34 billion, a PE ratio of 138.50 and a beta of 0.74. The stock has a 50 day moving average price of $17.58 and a 200-day moving average price of $18.17.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by $0.13. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $205.59 million. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The firm’s revenue was down 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.56) EPS. On average, analysts predict that SeaWorld Entertainment, Inc. will post $0.67 EPS for the current year.
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A number of equities analysts recently commented on the stock. Janney Montgomery Scott reissued a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research note on Friday. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. ValuEngine raised SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a research report on Wednesday, May 24th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.84.
In other news, CFO Peter J. Crage sold 3,000 shares of SeaWorld Entertainment stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $18.20, for a total value of $54,600.00. Following the sale, the chief financial officer now owns 275,435 shares of the company’s stock, valued at $5,012,917. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Delaware L.P. Sw sold 19,452,063 shares of SeaWorld Entertainment stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $23.00, for a total transaction of $447,397,449.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,402,075 shares of company stock worth $61,494,819. Insiders own 3.40% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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