New York State Common Retirement Fund boosted its holdings in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,871 shares of the company’s stock after acquiring an additional 37,819 shares during the period. New York State Common Retirement Fund owned 0.46% of SeaWorld Entertainment worth $6,457,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hill Path Capital LP grew its stake in SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after acquiring an additional 7,616,675 shares in the last quarter. Vanguard Group Inc. grew its stake in SeaWorld Entertainment by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,355,730 shares of the company’s stock valued at $97,849,000 after acquiring an additional 88,648 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in SeaWorld Entertainment by 6.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,800,000 shares of the company’s stock valued at $45,556,000 after acquiring an additional 160,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in SeaWorld Entertainment by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,795,818 shares of the company’s stock valued at $51,080,000 after acquiring an additional 249,412 shares in the last quarter. Finally, State Street Corp grew its stake in SeaWorld Entertainment by 2.0% during the 1st quarter. State Street Corp now owns 1,228,225 shares of the company’s stock valued at $22,440,000 after acquiring an additional 24,497 shares in the last quarter. 89.36% of the stock is owned by institutional investors.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share.
In other news, major shareholder Hill Path Capital Partners Lp purchased 417,942 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,472,969 shares of company stock valued at $19,324,419. Insiders own 3.40% of the company’s stock.
Several equities analysts have weighed in on the stock. Janney Montgomery Scott reiterated a “buy” rating and issued a $25.00 target price on shares of SeaWorld Entertainment in a report on Friday, June 16th. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down from $23.00) on shares of SeaWorld Entertainment in a report on Wednesday, August 2nd. Macquarie lowered shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $15.00 in a report on Thursday, July 27th. Finally, Citigroup Inc. upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 target price on the stock in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.70.
SeaWorld Entertainment 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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