SeaWorld Entertainment, Inc. (NYSE:SEAS) major shareholder Hill Path Capital Partners Co- purchased 64,300 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was acquired at an average price of $15.52 per share, with a total value of $997,936.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Hill Path Capital Partners Co- also recently made the following trade(s):
- On Thursday, July 6th, Hill Path Capital Partners Co- purchased 19,600 shares of SeaWorld Entertainment stock. The stock was acquired at an average price of $15.25 per share, with a total value of $298,900.00.
Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) opened at 15.59 on Tuesday. SeaWorld Entertainment, Inc. has a 12-month low of $11.77 and a 12-month high of $20.13. The company’s 50-day moving average price is $17.08 and its 200 day moving average price is $18.03. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 137.96 and a beta of 0.75.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.13. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The business had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $205.59 million. During the same quarter in the prior year, the firm earned ($0.56) EPS. SeaWorld Entertainment’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities analysts predict that SeaWorld Entertainment, Inc. will post $0.68 earnings per share for the current year.
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SEAS has been the topic of several recent research reports. Janney Montgomery Scott reaffirmed a “buy” rating and set a $24.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, April 13th. SunTrust Banks, Inc. initiated coverage on SeaWorld Entertainment in a report on Wednesday, April 12th. They set a “buy” rating and a $22.00 price objective on the stock. FBR & Co reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, March 27th. Citigroup Inc. cut SeaWorld Entertainment from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Friday, March 17th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on SeaWorld Entertainment in a report on Thursday, April 6th. They set a “sell” rating and a $16.00 price objective on the stock. Six analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.97.
A number of large investors have recently bought and sold shares of SEAS. Credit Agricole S A purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at about $100,000. Quadrature Capital Ltd increased its stake in SeaWorld Entertainment by 231.3% in the fourth quarter. Quadrature Capital Ltd now owns 68,574 shares of the company’s stock valued at $1,299,000 after buying an additional 47,876 shares in the last quarter. State Street Corp increased its stake in SeaWorld Entertainment by 4.7% in the fourth quarter. State Street Corp now owns 1,203,728 shares of the company’s stock valued at $22,787,000 after buying an additional 54,424 shares in the last quarter. Norges Bank purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at about $3,048,000. Finally, Renaissance Technologies LLC purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at about $7,345,000.
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.
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