JPMorgan Chase & Co. raised its stake in SeaWorld Entertainment Inc (NYSE:SEAS) by 14.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,152 shares of the company’s stock after buying an additional 10,828 shares during the period. JPMorgan Chase & Co.’s holdings in SeaWorld Entertainment were worth $1,144,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $185,000. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at about $214,000. OLD National Bancorp IN bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $316,000. First Trust Advisors LP grew its position in shares of SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $332,000. Hedge funds and other institutional investors own 96.37% of the company’s stock.
A number of equities research analysts have commented on SEAS shares. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price target 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 target on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. B. Riley reissued a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research downgraded SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. Finally, BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.73.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). The business had revenue of $437.70 million during the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. sell-side analysts predict that SeaWorld Entertainment Inc will post -2.27 earnings per share for the current fiscal year.
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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.
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