JPMorgan Chase & Co. grew its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 14.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 85,152 shares of the company’s stock after acquiring an additional 10,828 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of SeaWorld Entertainment worth $1,144,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter valued at about $214,000. Quantbot Technologies LP bought a new position in SeaWorld Entertainment in the third quarter worth approximately $185,000. OLD National Bancorp IN bought a new position in SeaWorld Entertainment in the third quarter worth approximately $316,000. First Trust Advisors LP boosted its holdings in SeaWorld Entertainment by 51.0% in the third quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock worth $326,000 after acquiring an additional 8,483 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in SeaWorld Entertainment by 49.3% in the third quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock worth $332,000 after acquiring an additional 8,435 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on SEAS shares. B. Riley restated a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, November 1st. ValuEngine downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered SeaWorld Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. SeaWorld Entertainment presently has an average rating of “Hold” and an average target price of $15.73.
Shares of SeaWorld Entertainment Inc (NYSE SEAS) traded down $0.08 on Friday, hitting $15.10. The stock had a trading volume of 1,831,929 shares, compared to its average volume of 2,095,225. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57. SeaWorld Entertainment Inc has a 12-month low of $10.42 and a 12-month high of $20.13. The company has a market cap of $1,372.82, a PE ratio of 16.32 and a beta of 0.84.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.14). The business had revenue of $437.70 million during the quarter, compared to the consensus estimate of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. sell-side analysts forecast that SeaWorld Entertainment Inc will post -2.27 EPS 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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