Insider Buying: SeaWorld Entertainment, Inc. (SEAS) Major Shareholder Acquires $997,936.00 in Stock

SeaWorld Entertainment, Inc. (NYSE:SEAS) major shareholder Hill Path Capital Partners Co- bought 64,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average cost of $15.52 per share, for a total transaction of $997,936.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hill Path Capital Partners Co- also recently made the following trade(s):

  • On Thursday, July 6th, Hill Path Capital Partners Co- purchased 19,600 shares of SeaWorld Entertainment stock. The shares were acquired at an average cost of $15.25 per share, for a total transaction of $298,900.00.

Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) opened at 15.15 on Wednesday. The firm has a 50-day moving average of $17.08 and a 200 day moving average of $18.03. The company has a market cap of $1.29 billion, a P/E ratio of 134.07 and a beta of 0.75. SeaWorld Entertainment, Inc. has a 52 week low of $11.77 and a 52 week high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly 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 net margin of 0.79% and a return on equity of 3.66%. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $205.59 million. During the same period last year, the company earned ($0.56) EPS. The business’s quarterly revenue was down 15.3% on a year-over-year basis. Equities analysts expect that SeaWorld Entertainment, Inc. will post $0.68 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Olstein Capital Management L.P. boosted its stake in SeaWorld Entertainment by 17.0% in the first quarter. Olstein Capital Management L.P. now owns 615,850 shares of the company’s stock valued at $11,252,000 after buying an additional 89,355 shares during the period. Engineers Gate Manager LP purchased a new stake in SeaWorld Entertainment during the first quarter valued at $890,000. UBS Asset Management Americas Inc. boosted its stake in SeaWorld Entertainment by 38.7% in the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock valued at $1,079,000 after buying an additional 16,479 shares during the period. Van Berkom & Associates Inc. purchased a new stake in SeaWorld Entertainment during the first quarter valued at $54,199,000. Finally, Jennison Associates LLC boosted its stake in SeaWorld Entertainment by 15.7% in the first quarter. Jennison Associates LLC now owns 1,807,274 shares of the company’s stock valued at $33,019,000 after buying an additional 245,000 shares during the period.

SEAS has been the topic of a number of recent analyst reports. Zacks Investment Research cut SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. FBR & Co reissued a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, April 10th. Citigroup Inc. cut SeaWorld Entertainment from a “neutral” rating to a “sell” rating and decreased their price target for the company from $19.00 to $15.00 in a report on Friday, March 17th. Barclays PLC raised their price target on SeaWorld Entertainment from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, March 17th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a report on Wednesday, May 24th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.97.

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.

Insider Buying and Selling by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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