Stock Traders Buy High Volume of Put Options on SeaWorld Entertainment (SEAS)

SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 28,498 put options on the company. This represents an increase of approximately 1,058% compared to the average volume of 2,460 put options.

In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp purchased 417,942 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Insiders have bought a total of 1,472,969 shares of company stock worth $19,324,419 in the last 90 days. 3.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment during the 3rd quarter worth approximately $332,000. Public Employees Retirement System of Ohio increased its stake in shares of SeaWorld Entertainment by 10.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after acquiring an additional 13,437 shares in the last quarter. Rutabaga Capital Management LLC MA increased its stake in shares of SeaWorld Entertainment by 13.9% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after acquiring an additional 133,037 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at $214,000. Finally, Walthausen & Co. LLC increased its stake in shares of SeaWorld Entertainment by 6.4% in the 2nd quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after acquiring an additional 65,351 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.

SeaWorld Entertainment (NYSE SEAS) opened at 13.29 on Monday. The stock’s 50 day moving average is $12.94 and its 200 day moving average is $15.52. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The company’s market cap is $1.14 billion.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that SeaWorld Entertainment will post ($1.72) earnings per share for the current year.

SEAS has been the topic of several recent analyst reports. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a report on Friday. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down previously from $23.00) on shares of SeaWorld Entertainment in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.70.

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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp purchased 417,942 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Insiders have bought a total of 1,472,969 shares of company stock worth $19,324,419 in the last 90 days. 3.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment during the 3rd quarter worth approximately $332,000. Public Employees Retirement System of Ohio increased its stake in shares of SeaWorld Entertainment by 10.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after acquiring an additional 13,437 shares in the last quarter. Rutabaga Capital Management LLC MA increased its stake in shares of SeaWorld Entertainment by 13.9% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after acquiring an additional 133,037 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at $214,000. Finally, Walthausen & Co. LLC increased its stake in shares of SeaWorld Entertainment by 6.4% in the 2nd quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after acquiring an additional 65,351 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.

SeaWorld Entertainment (NYSE SEAS) opened at 13.29 on Monday. The stock’s 50 day moving average is $12.94 and its 200 day moving average is $15.52. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The company’s market cap is $1.14 billion.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that SeaWorld Entertainment will post ($1.72) earnings per share for the current year.

SEAS has been the topic of several recent analyst reports. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a report on Friday. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down previously from $23.00) on shares of SeaWorld Entertainment in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.70.

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SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.

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