Jennison Associates LLC reduced its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,679,305 shares of the company’s stock after selling 51,873 shares during the quarter. Jennison Associates LLC owned 1.85% of SeaWorld Entertainment worth $21,814,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC purchased a new position in SeaWorld Entertainment in the 2nd quarter valued at about $214,000. OLD National Bancorp IN purchased a new position in SeaWorld Entertainment in the 3rd quarter valued at about $316,000. First Trust Advisors LP lifted its stake in SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in SeaWorld Entertainment in the 3rd quarter valued at about $332,000. Finally, Wedge Capital Management L L P NC lifted its stake in SeaWorld Entertainment by 49.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock valued at $332,000 after buying an additional 8,435 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Insiders have bought a total of 1,075,569 shares of company stock valued at $14,287,131 in the last 90 days. Insiders own 3.40% of the company’s stock.
Shares of SeaWorld Entertainment, Inc. (SEAS) opened at $11.84 on Friday. The stock has a market cap of $1,089.76, a P/E ratio of 12.96 and a beta of 0.73. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04. SeaWorld Entertainment, Inc. has a 1-year low of $10.79 and a 1-year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million for the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. research analysts forecast that SeaWorld Entertainment, Inc. will post -2.27 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. TheStreet downgraded shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. The Goldman Sachs Group, Inc. reiterated a “neutral” rating and issued a $12.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. FBR & Co downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Thursday, August 3rd. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Finally, Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $15.00 in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.82.
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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