150,378 Shares in SeaWorld Entertainment Inc (SEAS) Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP bought a new stake in SeaWorld Entertainment Inc (NYSE:SEAS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 150,378 shares of the company’s stock, valued at approximately $1,953,000. Engineers Gate Manager LP owned about 0.17% of SeaWorld Entertainment as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter worth approximately $372,000. Wells Fargo & Company MN lifted its position in shares of SeaWorld Entertainment by 85.6% in the 3rd quarter. Wells Fargo & Company MN now owns 172,716 shares of the company’s stock worth $2,243,000 after acquiring an additional 79,651 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SeaWorld Entertainment by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,152 shares of the company’s stock worth $1,144,000 after acquiring an additional 10,828 shares during the period. Nordea Investment Management AB lifted its position in shares of SeaWorld Entertainment by 4.2% in the 3rd quarter. Nordea Investment Management AB now owns 229,800 shares of the company’s stock worth $2,985,000 after acquiring an additional 9,300 shares during the period. Finally, Olstein Capital Management L.P. lifted its position in shares of SeaWorld Entertainment by 30.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 998,000 shares of the company’s stock worth $12,964,000 after acquiring an additional 231,060 shares during the period. 96.37% of the stock is currently owned by hedge funds and other institutional investors.

SeaWorld Entertainment Inc (NYSE:SEAS) traded down $0.12 during trading on Friday, hitting $12.77. The company had a trading volume of 2,473,073 shares, compared to its average volume of 2,502,932. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.45. The company has a market cap of $1,166.18, a P/E ratio of 13.87 and a beta of 0.74. SeaWorld Entertainment Inc has a 1-year low of $10.42 and a 1-year high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The company had revenue of $437.70 million for the quarter, compared to the consensus estimate of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. SeaWorld Entertainment’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. sell-side analysts anticipate that SeaWorld Entertainment Inc will post -2.27 EPS for the current year.

A number of analysts have commented on SEAS shares. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, November 10th. FBR & Co reiterated a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. B. Riley reiterated a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, November 1st. Zacks Investment Research downgraded SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research report on Thursday, October 19th. Finally, BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. SeaWorld Entertainment has an average rating of “Hold” and a consensus price target of $15.82.

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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.

Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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