Neuberger Berman Group LLC lifted its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 937,526 shares of the company’s stock after buying an additional 8,857 shares during the period. Neuberger Berman Group LLC’s holdings in SeaWorld Entertainment were worth $24,138,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of SeaWorld Entertainment during the 4th quarter valued at $81,000. Rhumbline Advisers lifted its holdings in SeaWorld Entertainment by 47.7% during the 4th quarter. Rhumbline Advisers now owns 74,458 shares of the company’s stock worth $1,645,000 after buying an additional 24,051 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in SeaWorld Entertainment by 8.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,474 shares of the company’s stock worth $1,005,000 after buying an additional 3,526 shares during the period. Enlightenment Research LLC acquired a new position in SeaWorld Entertainment during the 4th quarter worth about $38,000. Finally, Canada Pension Plan Investment Board lifted its holdings in SeaWorld Entertainment by 18.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 866,300 shares of the company’s stock worth $19,135,000 after buying an additional 135,600 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.
Shares of SeaWorld Entertainment stock opened at $30.08 on Friday. SeaWorld Entertainment Inc has a one year low of $20.47 and a one year high of $32.73. The stock has a market capitalization of $2.53 billion, a P/E ratio of 29.78, a PEG ratio of 3.01 and a beta of 1.14. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.41 and a quick ratio of 0.31.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.18. The business had revenue of $220.60 million during the quarter, compared to the consensus estimate of $215.91 million. SeaWorld Entertainment had a return on equity of 31.65% and a net margin of 5.13%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.73) EPS. Analysts expect that SeaWorld Entertainment Inc will post 1.43 EPS for the current fiscal year.
In related news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of $26.71, for a total value of $502,945,934.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
Several research analysts have commented on SEAS shares. Zacks Investment Research downgraded SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 16th. B. Riley raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $34.00 in a report on Thursday, March 28th. KeyCorp set a $37.00 target price on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. Finally, Citigroup lifted their target price on SeaWorld Entertainment from $21.00 to $22.00 and gave the stock a “sell” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. SeaWorld Entertainment has an average rating of “Buy” and a consensus target price of $32.41.
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About SeaWorld Entertainment
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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