Janney Montgomery Scott LLC lifted its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,477 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SeaWorld Entertainment were worth $697,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth $65,220,000. Cannell Peter B & Co. Inc. boosted its stake in shares of SeaWorld Entertainment by 30.3% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,385,090 shares of the company’s stock worth $42,938,000 after acquiring an additional 321,740 shares in the last quarter. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of SeaWorld Entertainment by 19.6% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 1,316,826 shares of the company’s stock worth $40,822,000 after acquiring an additional 215,679 shares in the last quarter. Simcoe Capital Management LLC boosted its stake in shares of SeaWorld Entertainment by 5.6% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,210,170 shares of the company’s stock worth $37,515,000 after acquiring an additional 64,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SeaWorld Entertainment by 5.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 623,629 shares of the company’s stock worth $19,333,000 after acquiring an additional 29,421 shares in the last quarter.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $37.00 price objective on SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Thursday, October 10th. Zacks Investment Research cut SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TheStreet raised SeaWorld Entertainment from a “c” rating to a “b-” rating in a research report on Tuesday, August 6th. Finally, Goldman Sachs Group set a $37.00 target price on SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus target price of $32.01.
Shares of SeaWorld Entertainment stock traded up $0.15 during midday trading on Tuesday, hitting $29.49. The company’s stock had a trading volume of 207,873 shares, compared to its average volume of 1,176,417. The firm has a market capitalization of $2.33 billion, a P/E ratio of 28.91, a PEG ratio of 2.68 and a beta of 1.17. The stock has a 50-day simple moving average of $26.96 and a 200-day simple moving average of $29.09. The company has a quick ratio of 0.34, a current ratio of 0.44 and a debt-to-equity ratio of 6.95. SeaWorld Entertainment Inc has a 1-year low of $21.36 and a 1-year high of $34.72.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Thursday, November 7th. The company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.15). The business had revenue of $473.70 million during the quarter, compared to analyst estimates of $488.84 million. SeaWorld Entertainment had a return on equity of 52.78% and a net margin of 7.43%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, sell-side analysts predict that SeaWorld Entertainment Inc will post 1.56 earnings per share for the current year.
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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