Investment Management of Virginia LLC reduced its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 50.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,157 shares of the company’s stock after selling 63,388 shares during the period. Investment Management of Virginia LLC’s holdings in SeaWorld Entertainment were worth $857,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Parametrica Management Ltd purchased a new stake in shares of SeaWorld Entertainment during the 4th quarter valued at about $142,000. Quantbot Technologies LP purchased a new stake in SeaWorld Entertainment during the 3rd quarter worth approximately $185,000. Sterling Capital Management LLC purchased a new stake in SeaWorld Entertainment during the 2nd quarter worth approximately $214,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in SeaWorld Entertainment during the 4th quarter worth approximately $262,000. Finally, OLD National Bancorp IN purchased a new stake in SeaWorld Entertainment during the 3rd quarter worth approximately $316,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
Several equities research analysts have issued reports on SEAS shares. Stifel Nicolaus dropped their price objective on SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and set a $16.00 price objective on shares of SeaWorld Entertainment in a report on Friday, November 10th. Zacks Investment Research upgraded 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. ValuEngine downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, B. Riley restated a “hold” rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a report on Friday, December 8th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. SeaWorld Entertainment has a consensus rating of “Hold” and an average target price of $15.73.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million during the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. SeaWorld Entertainment’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. research analysts expect that SeaWorld Entertainment Inc will post -2.27 earnings per share for the current year.
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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