RMB Capital Management LLC lowered its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,987 shares of the company’s stock after selling 60,000 shares during the period. RMB Capital Management LLC owned approximately 0.50% of SeaWorld Entertainment worth $7,728,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SEAS. Credit Agricole S A acquired a new position in SeaWorld Entertainment during the fourth quarter worth about $100,000. Cantab Capital Partners LLP bought a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at approximately $161,000. Ellington Management Group LLC bought a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at approximately $269,000. Bayesian Capital Management LP bought a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at approximately $310,000. Finally, Airain ltd bought a new stake in shares of SeaWorld Entertainment during the first quarter valued at approximately $343,000.
SeaWorld Entertainment, Inc. (SEAS) traded down 2.61% during trading on Tuesday, hitting $15.65. 1,718,215 shares of the company traded hands. The stock has a 50-day moving average price of $17.58 and a 200-day moving average price of $18.17. SeaWorld Entertainment, Inc. has a 12-month low of $11.77 and a 12-month high of $20.13. The firm has a market capitalization of $1.34 billion, a P/E ratio of 138.50 and a beta of 0.74.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.53) by $0.13. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.56) EPS. Equities analysts expect that SeaWorld Entertainment, Inc. will post $0.67 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “RMB Capital Management LLC Cuts Position in SeaWorld Entertainment, Inc. (SEAS)” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/06/20/seaworld-entertainment-inc-seas-position-reduced-by-rmb-capital-management-llc-updated.html.
Several analysts have commented on the stock. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. Janney Montgomery Scott restated a “buy” rating and set a $25.00 target price on shares of SeaWorld Entertainment in a report on Friday. FBR & Co raised their target price on shares of SeaWorld Entertainment from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Barclays PLC raised their price target on shares of SeaWorld Entertainment from $14.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, March 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.84.
In related news, CFO Peter J. Crage sold 3,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.20, for a total transaction of $54,600.00. Following the sale, the chief financial officer now owns 275,435 shares of the company’s stock, valued at approximately $5,012,917. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 18,250 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average cost of $16.22 per share, for a total transaction of $296,015.00. The disclosure for this purchase can be found here. Insiders have bought a total of 3,402,075 shares of company stock valued at $61,494,819 in the last quarter. 3.40% of the stock is owned by corporate insiders.
SeaWorld Entertainment Company Profile
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.
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.