SeaWorld Entertainment, Inc. (SEAS) Shares Bought by State Street Corp

State Street Corp grew its stake in SeaWorld Entertainment, Inc. (NYSE:SEAS) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,308,842 shares of the company’s stock after buying an additional 80,617 shares during the quarter. State Street Corp owned 1.52% of SeaWorld Entertainment worth $21,292,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SEAS. Alpha Windward LLC acquired a new position in SeaWorld Entertainment during the second quarter worth $403,000. Oppenheimer Asset Management Inc. boosted its holdings in SeaWorld Entertainment by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after purchasing an additional 770 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in SeaWorld Entertainment during the second quarter worth $499,000. Voya Investment Management LLC boosted its holdings in SeaWorld Entertainment by 18.3% during the second quarter. Voya Investment Management LLC now owns 31,516 shares of the company’s stock worth $513,000 after purchasing an additional 4,869 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its holdings in SeaWorld Entertainment by 70.0% during the second quarter. New Jersey Better Educational Savings Trust now owns 34,000 shares of the company’s stock worth $553,000 after purchasing an additional 14,000 shares during the last quarter. Institutional investors own 93.34% of the company’s stock.



Several brokerages recently commented on SEAS. B. Riley restated a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, November 1st. Stifel Nicolaus reduced their target price on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. FBR & Co cut shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Wednesday, August 9th. Barclays PLC reduced their target price on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an “underweight” rating for the company in a report on Friday, August 11th. Finally, BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.82.

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SeaWorld Entertainment, Inc. (NYSE:SEAS) opened at $11.84 on Friday. The firm has a market cap of $1,089.76, a PE ratio of 12.96 and a beta of 0.73. SeaWorld Entertainment, Inc. has a 1 year low of $10.79 and a 1 year high of $20.13. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.45.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The company had revenue of $437.70 million during the quarter, compared to the consensus estimate of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. SeaWorld Entertainment’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. sell-side analysts predict that SeaWorld Entertainment, Inc. will post -2.27 EPS for the current fiscal year.

In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp purchased 337,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $13.32 per share, with a total value of $4,488,840.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Insiders bought 1,075,569 shares of company stock worth $14,287,131 over the last three months. Insiders own 3.40% of the company’s stock.

SeaWorld Entertainment 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.

Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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