Aperio Group LLC purchased a new position in shares of SeaWorld Entertainment Inc (NYSE:SEAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,035 shares of the company’s stock, valued at approximately $241,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of SEAS. Equitec Proprietary Markets LLC bought a new stake in SeaWorld Entertainment during the first quarter valued at about $130,000. Cubist Systematic Strategies LLC boosted its position in SeaWorld Entertainment by 99.2% during the first quarter. Cubist Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $151,000 after purchasing an additional 5,080 shares in the last quarter. Stifel Financial Corp bought a new stake in SeaWorld Entertainment during the first quarter valued at about $176,000. Bayesian Capital Management LP bought a new stake in SeaWorld Entertainment during the first quarter valued at about $314,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in SeaWorld Entertainment during the first quarter valued at about $436,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE SEAS opened at $30.04 on Thursday. The company has a debt-to-equity ratio of 5.54, a current ratio of 0.44 and a quick ratio of 0.34. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 141.86 and a beta of 0.79. SeaWorld Entertainment Inc has a fifty-two week low of $10.42 and a fifty-two week high of $30.50.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $391.90 million during the quarter, compared to analyst estimates of $369.29 million. SeaWorld Entertainment had a positive return on equity of 6.69% and a negative net margin of 0.42%. SeaWorld Entertainment’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.05) EPS. equities analysts anticipate that SeaWorld Entertainment Inc will post 0.61 earnings per share for the current year.
A number of brokerages recently weighed in on SEAS. ValuEngine raised SeaWorld Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley raised their price objective on SeaWorld Entertainment from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 9th. Stifel Nicolaus raised their price objective on SeaWorld Entertainment from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Finally, Wedbush set a $24.00 price objective on SeaWorld Entertainment and gave the company a “hold” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.78.
In other SeaWorld Entertainment news, insider Christopher Dold sold 8,876 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $25.51, for a total value of $226,426.76. Following the completion of the sale, the insider now owns 52,046 shares of the company’s stock, valued at $1,327,693.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.
SeaWorld Entertainment 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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