Nordea Investment Management AB boosted its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,800 shares of the company’s stock after purchasing an additional 9,300 shares during the period. Nordea Investment Management AB owned approximately 0.25% of SeaWorld Entertainment worth $2,985,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SEAS. Canada Pension Plan Investment Board purchased a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at $499,000. Hill Path Capital LP boosted its holdings in shares of SeaWorld Entertainment by 12.9% in the 3rd quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after acquiring an additional 1,556,869 shares during the last quarter. FDx Advisors Inc. purchased a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at $504,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of SeaWorld Entertainment by 7.1% in the 3rd 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 acquiring an additional 200,000 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of SeaWorld Entertainment by 6.6% in the 2nd quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after acquiring an additional 80,617 shares during the last quarter. 96.37% of the stock is currently owned by institutional investors.
Several analysts have recently commented on SEAS shares. KeyCorp started coverage on shares of SeaWorld Entertainment in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Thursday, September 7th. Stifel Nicolaus dropped their price objective on shares of SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, October 18th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 price objective on shares of SeaWorld Entertainment in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.82.
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). SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The firm had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. During the same period last year, the company posted $0.77 earnings per share. The business’s quarterly revenue was down 9.8% on a year-over-year basis. equities analysts predict that SeaWorld Entertainment Inc will post -2.27 earnings per share for the current fiscal year.
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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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