OLD National Bancorp IN Takes Position in SeaWorld Entertainment, Inc. (SEAS)

OLD National Bancorp IN purchased a new stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,339 shares of the company’s stock, valued at approximately $316,000.

Several other hedge funds have also recently made changes to their positions in the company. Hill Path Capital LP boosted its stake 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 purchasing an additional 7,616,675 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of SeaWorld Entertainment by 3.7% during the second quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock valued at $90,345,000 after purchasing an additional 197,177 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of SeaWorld Entertainment by 7.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after purchasing an additional 200,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SeaWorld Entertainment by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,839,176 shares of the company’s stock valued at $46,194,000 after purchasing an additional 43,358 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of SeaWorld Entertainment by 6.6% during the second quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after purchasing an additional 80,617 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,472,969 shares of company stock valued at $19,324,419. Company insiders own 3.40% of the company’s stock.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter last year, the business posted $0.21 EPS. The business’s revenue was up .7% on a year-over-year basis.

A number of research firms recently commented on SEAS. Zacks Investment Research lowered SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. BidaskClub lowered SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. FBR & Co reaffirmed a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. Three investment 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 currently has an average rating of “Hold” and an average price target of $16.45.

SeaWorld Entertainment Company 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.

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

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