Rutabaga Capital Management LLC MA grew its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 13.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092,482 shares of the company’s stock after acquiring an additional 133,037 shares during the quarter. SeaWorld Entertainment comprises approximately 3.3% of Rutabaga Capital Management LLC MA’s portfolio, making the stock its 9th biggest position. Rutabaga Capital Management LLC MA owned approximately 1.27% of SeaWorld Entertainment worth $17,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of SeaWorld Entertainment during the second quarter valued at $214,000. Alpha Windward LLC bought a new position in shares of SeaWorld Entertainment during the second quarter valued at $403,000. Oppenheimer Asset Management Inc. increased its holdings in shares of SeaWorld Entertainment by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after acquiring an additional 770 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of SeaWorld Entertainment during the first quarter valued at $486,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of SeaWorld Entertainment during the second quarter valued at $499,000. Hedge funds and other institutional investors own 89.36% of the company’s stock.
SEAS has been the subject of several analyst reports. Stifel Nicolaus restated a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a report on Friday, July 14th. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. FBR & Co reiterated a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. B. Riley reiterated a “market perform” rating and issued a $15.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, August 3rd. Finally, Citigroup Inc. upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Friday, July 28th. Two 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. The company currently has a consensus rating of “Hold” and a consensus target price of $16.70.
In other news, major shareholder Hill Path Capital Partners Lp acquired 44,600 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $12.72 per share, with a total value of $567,312.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was purchased 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. Insiders bought 1,472,969 shares of company stock worth $19,324,419 over the last three months. Corporate insiders own 3.40% of the company’s stock.
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Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) traded up 0.08% on Friday, reaching $13.23. The company’s stock had a trading volume of 375,903 shares. The firm has a 50 day moving average price of $12.96 and a 200-day moving average price of $15.41. SeaWorld Entertainment, Inc. has a 12-month low of $11.10 and a 12-month high of $20.13. The stock’s market cap is $1.14 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.77. The business had revenue of $373.80 million for the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Equities research analysts expect that SeaWorld Entertainment, Inc. will post ($1.72) EPS for the current year.
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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