Sterling Capital Management LLC purchased a new position in SeaWorld Entertainment, Inc. (NYSE:SEAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,130 shares of the company’s stock, valued at approximately $214,000.
A number of other large investors also recently bought and sold shares of SEAS. Canada Pension Plan Investment Board acquired a new position in shares of SeaWorld Entertainment during the second quarter valued at about $499,000. Alpha Windward LLC acquired a new position in shares of SeaWorld Entertainment during the second quarter valued at about $403,000. Hill Path Capital LP grew its holdings in shares of SeaWorld Entertainment by 172.8% during the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after buying an additional 7,616,675 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment during the first quarter valued at about $486,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of SeaWorld Entertainment by 45,788.0% during the second quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock valued at $747,000 after buying an additional 45,788 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.
SeaWorld Entertainment, Inc. (NYSE:SEAS) opened at 11.85 on Friday. SeaWorld Entertainment, Inc. has a 52-week low of $11.10 and a 52-week high of $20.13. The company’s market capitalization is $1.02 billion. The company’s 50 day moving average is $12.75 and its 200-day moving average is $14.97.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same period in the prior year, the firm posted $0.21 EPS. SeaWorld Entertainment’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that SeaWorld Entertainment, Inc. will post ($2.07) EPS for the current fiscal year.
In other news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $13.21 per share, with a total value of $4,235,482.67. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp purchased 44,600 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $12.72 per share, for a total transaction of $567,312.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,472,969 shares of company stock worth $19,324,419 over the last three months. 3.40% of the stock is currently owned by insiders.
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SEAS has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price objective on shares of SeaWorld Entertainment in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $14.44 to $16.00 in a report on Tuesday, July 18th. BidaskClub cut shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Macquarie cut shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and reduced their price objective 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 price objective for the company in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus price target of $16.45.
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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