Dynamic Technology Lab Private Ltd lessened its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,442 shares of the company’s stock after selling 5,761 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in SeaWorld Entertainment were worth $925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in SEAS. Signition LP bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter worth about $258,000. Ibex Investors LLC bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter worth about $212,000. BlackRock Inc. grew its holdings in shares of SeaWorld Entertainment by 3.6% in the 2nd quarter. BlackRock Inc. now owns 4,325,521 shares of the company’s stock worth $94,382,000 after purchasing an additional 150,484 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter worth about $338,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of SeaWorld Entertainment by 76.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 11,335 shares of the company’s stock worth $247,000 after purchasing an additional 4,928 shares during the last quarter. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
SEAS has been the topic of several analyst reports. Zacks Investment Research lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, August 25th. Citigroup upped their price target on shares of SeaWorld Entertainment from $15.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, October 4th. Janney Montgomery Scott upped their price target on shares of SeaWorld Entertainment from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. SunTrust Banks upped their price target on shares of SeaWorld Entertainment to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, Stifel Nicolaus upped their price target on shares of SeaWorld Entertainment from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.25.
Shares of NYSE SEAS opened at $27.70 on Tuesday. The stock has a market cap of $2.36 billion, a P/E ratio of 38.49 and a beta of 1.03. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.69 and a current ratio of 0.81. SeaWorld Entertainment Inc has a 12-month low of $12.59 and a 12-month high of $32.47.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Monday, November 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The company had revenue of $483.20 million for the quarter, compared to analyst estimates of $479.67 million. SeaWorld Entertainment had a return on equity of 21.33% and a net margin of 2.61%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. On average, sell-side analysts forecast that SeaWorld Entertainment Inc will post 0.71 earnings per share for the current fiscal year.
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SeaWorld Entertainment Company Profile
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.
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