Wedge Capital Management L L P NC cut its holdings in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 43.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,216 shares of the company’s stock after selling 6,426 shares during the quarter. Wedge Capital Management L L P NC’s holdings in SeaWorld Entertainment were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of SeaWorld Entertainment during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC grew its stake in shares of SeaWorld Entertainment by 407.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock worth $41,000 after purchasing an additional 1,051 shares during the period. Advisors Preferred LLC acquired a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $68,000. Resources Investment Advisors LLC. acquired a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $71,000. Finally, Signaturefd LLC grew its stake in shares of SeaWorld Entertainment by 45.5% during the 2nd quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock worth $99,000 after purchasing an additional 1,000 shares during the period.
In other SeaWorld Entertainment news, insider Marc Swanson sold 5,827 shares of SeaWorld Entertainment stock in a transaction on Monday, September 16th. The shares were sold at an average price of $29.98, for a total transaction of $174,693.46. Following the sale, the insider now owns 113,962 shares of the company’s stock, valued at approximately $3,416,580.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
SeaWorld Entertainment stock traded up $0.68 during trading on Friday, reaching $29.28. The company had a trading volume of 1,951,536 shares, compared to its average volume of 1,552,949. The firm’s 50-day simple moving average is $26.88 and its 200 day simple moving average is $29.04. SeaWorld Entertainment Inc has a 1-year low of $21.36 and a 1-year high of $34.72. The firm has a market capitalization of $2.06 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. The company has a debt-to-equity ratio of 12.28, a quick ratio of 0.25 and a current ratio of 0.34.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). SeaWorld Entertainment had a net margin of 7.24% and a return on equity of 45.30%. The company had revenue of $473.70 million during the quarter, compared to analyst estimates of $488.84 million. During the same period in the prior year, the business posted $1.10 EPS. SeaWorld Entertainment’s revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that SeaWorld Entertainment Inc will post 1.59 EPS for the current year.
A number of equities research analysts recently issued reports on SEAS shares. Stifel Nicolaus set a $37.00 price target on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research note on Thursday, October 10th. ValuEngine cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Bank of America set a $22.00 price target on shares of SeaWorld Entertainment and gave the company a “sell” rating in a research note on Tuesday, September 17th. Goldman Sachs Group set a $37.00 price target on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, TheStreet raised shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.01.
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 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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