SeaWorld Entertainment Inc (NYSE:SEAS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,477 shares of the company’s stock after purchasing an additional 385 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SeaWorld Entertainment were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SEAS. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in SeaWorld Entertainment during the second quarter worth about $65,220,000. Marshall Wace LLP increased its stake in SeaWorld Entertainment by 2,058.1% during the second quarter. Marshall Wace LLP now owns 370,632 shares of the company’s stock worth $11,490,000 after acquiring an additional 353,458 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in SeaWorld Entertainment during the second quarter worth about $10,823,000. Castleark Management LLC acquired a new stake in SeaWorld Entertainment during the second quarter worth about $10,072,000. Finally, Cannell Peter B & Co. Inc. increased its stake in SeaWorld Entertainment by 30.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,385,090 shares of the company’s stock worth $42,938,000 after acquiring an additional 321,740 shares during the last quarter.

SEAS traded up $0.15 on Tuesday, reaching $29.49. The company’s stock had a trading volume of 207,873 shares, compared to its average volume of 1,176,417. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. SeaWorld Entertainment Inc has a 1 year low of $21.36 and a 1 year high of $34.72. The company has a debt-to-equity ratio of 6.95, a current ratio of 0.44 and a quick ratio of 0.34. The business’s 50 day moving average is $26.96 and its 200 day moving average is $29.09.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The business had revenue of $473.70 million during the quarter, compared to analysts’ expectations of $488.84 million. SeaWorld Entertainment had a net margin of 7.43% and a return on equity of 52.78%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. As a group, research analysts forecast that SeaWorld Entertainment Inc will post 1.56 earnings per share for the current fiscal year.

In related news, insider Marc Swanson sold 5,827 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $29.98, for a total value of $174,693.46. Following the completion of the transaction, the insider now owns 113,962 shares of the company’s stock, valued at $3,416,580.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

A number of research firms have recently issued reports on SEAS. Goldman Sachs Group set a $37.00 target price on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Wednesday, October 9th. Zacks Investment Research lowered SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus set a $37.00 target price on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, TheStreet upgraded SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.01.

SeaWorld Entertainment Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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

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