Paloma Partners Management Co bought a new stake in SeaWorld Entertainment, Inc. (NYSE:SEAS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,573 shares of the company’s stock, valued at approximately $486,000.
Several other hedge funds and other institutional investors have also made changes to their positions in SEAS. Gotham Asset Management LLC bought a new position in SeaWorld Entertainment during the first quarter valued at $4,518,000. State Street Corp boosted its position in SeaWorld Entertainment by 2.0% in the first quarter. State Street Corp now owns 1,228,225 shares of the company’s stock valued at $22,440,000 after buying an additional 24,497 shares during the period. Rutabaga Capital Management LLC MA boosted its position in SeaWorld Entertainment by 76.2% in the first quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock valued at $17,529,000 after buying an additional 414,821 shares during the period. Oppenheimer Asset Management Inc. bought a new position in SeaWorld Entertainment during the first quarter valued at $466,000. Finally, Schwab Charles Investment Management Inc. boosted its position in SeaWorld Entertainment by 11.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 573,729 shares of the company’s stock valued at $10,483,000 after buying an additional 60,387 shares during the period.
SeaWorld Entertainment, Inc. (NYSE SEAS) opened at 14.44 on Tuesday. The firm has a market capitalization of $1.23 billion, a P/E ratio of 127.79 and a beta of 0.75. The stock’s 50 day moving average is $17.08 and its 200-day moving average is $18.03. SeaWorld Entertainment, Inc. has a 1-year low of $11.77 and a 1-year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.13. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $205.59 million. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Analysts forecast that SeaWorld Entertainment, Inc. will post $0.68 EPS for the current year.
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SEAS has been the subject of several research analyst reports. Janney Montgomery Scott restated a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, June 16th. SunTrust Banks, Inc. initiated coverage on shares of SeaWorld Entertainment in a research report on Wednesday, April 12th. They set a “buy” rating and a $22.00 target price for the company. FBR & Co reiterated a “buy” rating on shares of SeaWorld Entertainment in a research report on Monday, March 27th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of SeaWorld Entertainment in a research report on Thursday, April 6th. They set a “sell” rating and a $16.00 target price for the company. Finally, Barclays PLC reiterated an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus target price of $17.97.
In related news, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average cost of $15.25 per share, for a total transaction of $298,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter J. Crage sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $18.20, for a total transaction of $54,600.00. Following the completion of the transaction, the chief financial officer now owns 275,435 shares in the company, valued at $5,012,917. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,540,475 shares of company stock worth $63,638,585. 3.40% of the stock is owned by corporate insiders.
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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