SeaWorld Entertainment, Inc. (NYSE:SEAS) major shareholder Hill Path Capital Partners Co- acquired 64,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was purchased at an average price of $15.52 per share, with a total value of $997,936.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Hill Path Capital Partners Co- also recently made the following trade(s):
- On Thursday, July 6th, Hill Path Capital Partners Co- bought 19,600 shares of SeaWorld Entertainment stock. The stock was bought at an average price of $15.25 per share, for a total transaction of $298,900.00.
Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) traded up 2.53% during midday trading on Friday, hitting $14.21. The stock had a trading volume of 3,306,557 shares. The firm has a 50 day moving average price of $15.42 and a 200 day moving average price of $17.38. The stock has a market cap of $1.21 billion, a PE ratio of 125.75 and a beta of 0.73. SeaWorld Entertainment, Inc. has a one year low of $11.77 and a one year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.53) by $0.13. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $205.59 million. During the same period last year, the business posted ($0.56) EPS. SeaWorld Entertainment’s revenue was down 15.3% on a year-over-year basis. On average, equities analysts forecast that SeaWorld Entertainment, Inc. will post $0.67 earnings per share for the current fiscal year.
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SEAS has been the topic of several analyst reports. Zacks Investment Research lowered SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. FBR & Co reiterated a “buy” rating on shares of SeaWorld Entertainment in a research note on Monday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of SeaWorld Entertainment in a research note on Friday, July 14th. BidaskClub lowered SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. SeaWorld Entertainment has an average rating of “Hold” and a consensus target price of $17.23.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in SeaWorld Entertainment by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,355,730 shares of the company’s stock worth $97,849,000 after buying an additional 88,648 shares in the last quarter. Van Berkom & Associates Inc. purchased a new position in SeaWorld Entertainment during the first quarter worth about $54,199,000. State of New Jersey Common Pension Fund D increased its position in SeaWorld Entertainment by 6.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,800,000 shares of the company’s stock worth $45,556,000 after buying an additional 160,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SeaWorld Entertainment by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,795,818 shares of the company’s stock worth $51,080,000 after buying an additional 249,412 shares in the last quarter. Finally, Jennison Associates LLC increased its position in SeaWorld Entertainment by 15.7% in the first quarter. Jennison Associates LLC now owns 1,807,274 shares of the company’s stock worth $33,019,000 after buying an additional 245,000 shares in the last quarter.
About SeaWorld Entertainment
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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