Public Employees Retirement System of Ohio increased its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,912 shares of the company’s stock after acquiring an additional 13,437 shares during the period. Public Employees Retirement System of Ohio owned about 0.16% of SeaWorld Entertainment worth $2,228,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rutabaga Capital Management LLC MA raised its position in SeaWorld Entertainment by 13.9% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after purchasing an additional 133,037 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in SeaWorld Entertainment in the 2nd quarter valued at about $214,000. Walthausen & Co. LLC raised its position in SeaWorld Entertainment by 6.4% in the 2nd quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after purchasing an additional 65,351 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of SeaWorld Entertainment by 45,788.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock worth $747,000 after acquiring an additional 45,788 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of SeaWorld Entertainment by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock worth $857,000 after acquiring an additional 745 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on SEAS. SunTrust Banks, Inc. reissued a “buy” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a research report on Friday. BidaskClub upgraded SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday. Stifel Nicolaus dropped their price target on SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley restated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. 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 company. The company has an average rating of “Hold” and an average price target of $15.82.
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Shares of SeaWorld Entertainment, Inc. (SEAS) opened at $12.15 on Friday. The company has a market capitalization of $1,098.80, a price-to-earnings ratio of 13.06 and a beta of 0.73. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.29. SeaWorld Entertainment, Inc. has a 1 year low of $10.79 and a 1 year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted 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 negative net margin of 15.32% and a positive return on equity of 22.94%. 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 firm posted $0.77 EPS. SeaWorld Entertainment’s revenue was down 9.8% on a year-over-year basis. analysts expect that SeaWorld Entertainment, Inc. will post -2.23 EPS for the current year.
In other news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Lp acquired 44,600 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $12.72 per share, for a total transaction of $567,312.00. The disclosure for this purchase can be found here. Insiders bought 1,120,169 shares of company stock valued at $14,854,443 in the last ninety days. Company insiders own 3.40% of the company’s stock.
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.
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