Insider Buying: SeaWorld Parks & Entertainment (NYSE:SEAS) Director Acquires 2,000 Shares of Stock

SeaWorld Parks & Entertainment (NYSE:SEAS) Director Thomas E. Moloney acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $14.40 per share, with a total value of $28,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of SeaWorld Parks & Entertainment stock opened at $15.60 on Friday. SeaWorld Parks & Entertainment has a 12 month low of $10.42 and a 12 month high of $19.23. The company has a market cap of $1,409.24, a P/E ratio of 18.80 and a beta of 0.79. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.47 and a quick ratio of 0.35.

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SeaWorld Parks & Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). SeaWorld Parks & Entertainment had a negative net margin of 16.02% and a positive return on equity of 23.42%. The firm had revenue of $265.50 million for the quarter, compared to the consensus estimate of $258.97 million. During the same period in the previous year, the company posted ($0.14) earnings per share. SeaWorld Parks & Entertainment’s quarterly revenue was down .8% on a year-over-year basis. research analysts predict that SeaWorld Parks & Entertainment will post 0.35 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. FDx Advisors Inc. purchased a new stake in SeaWorld Parks & Entertainment during the third quarter valued at approximately $504,000. Sterling Capital Management LLC raised its position in SeaWorld Parks & Entertainment by 22,754.8% during the third quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock valued at $38,980,000 after purchasing an additional 2,987,705 shares during the period. Bank of New York Mellon Corp raised its position in SeaWorld Parks & Entertainment by 14.3% during the third quarter. Bank of New York Mellon Corp now owns 673,628 shares of the company’s stock valued at $8,750,000 after purchasing an additional 84,129 shares during the period. Millennium Management LLC raised its position in SeaWorld Parks & Entertainment by 2,026.0% during the fourth quarter. Millennium Management LLC now owns 2,377,853 shares of the company’s stock valued at $32,267,000 after purchasing an additional 2,266,005 shares during the period. Finally, State Street Corp raised its position in SeaWorld Parks & Entertainment by 6.6% during the second quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after purchasing an additional 80,617 shares during the period. Institutional investors and hedge funds own 96.46% of the company’s stock.

A number of equities analysts have recently weighed in on SEAS shares. Zacks Investment Research lowered SeaWorld Parks & Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Macquarie lowered SeaWorld Parks & Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Friday, March 2nd. ValuEngine lowered SeaWorld Parks & Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective (up previously from $17.00) on shares of SeaWorld Parks & Entertainment in a research note on Wednesday, February 28th. Finally, Citigroup upped their price objective on SeaWorld Parks & Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, March 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. SeaWorld Parks & Entertainment currently has an average rating of “Hold” and a consensus target price of $15.30.

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About SeaWorld Parks & Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

Insider Buying and Selling by Quarter for SeaWorld Parks & Entertainment (NYSE:SEAS)

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