SeaWorld Entertainment Inc. (SEAS) Stake Increased by Olstein Capital Management L.P.
Olstein Capital Management L.P. raised its position in SeaWorld Entertainment Inc. (NYSE:SEAS) by 41.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,495 shares of the company’s stock after buying an additional 160,640 shares during the period. Olstein Capital Management L.P. owned 0.64% of SeaWorld Entertainment worth $7,340,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SEAS. Teacher Retirement System of Texas raised its stake in SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock worth $134,000 after buying an additional 533 shares during the last quarter. BlackRock Inc. raised its stake in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock worth $117,000 after buying an additional 597 shares during the last quarter. Symons Capital Management Inc. raised its position in shares of SeaWorld Entertainment by 4.4% in the second quarter. Symons Capital Management Inc. now owns 17,765 shares of the company’s stock valued at $255,000 after buying an additional 750 shares in the last quarter. First Trust Advisors LP raised its position in shares of SeaWorld Entertainment by 6.8% in the second quarter. First Trust Advisors LP now owns 27,948 shares of the company’s stock valued at $400,000 after buying an additional 1,773 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of SeaWorld Entertainment by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 62,573 shares of the company’s stock valued at $843,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.
SeaWorld Entertainment Inc. (NYSE:SEAS) traded down 1.22% during midday trading on Tuesday, hitting $17.02. The company had a trading volume of 857,978 shares. SeaWorld Entertainment Inc. has a 12 month low of $11.77 and a 12 month high of $21.85. The firm has a 50-day moving average price of $15.19 and a 200-day moving average price of $14.75. The company’s market cap is $1.45 billion.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 8th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.29. SeaWorld Entertainment had a positive return on equity of 6.17% and a negative net margin of 0.87%. The firm had revenue of $485.30 million for the quarter, compared to analyst estimates of $411.29 million. During the same period in the previous year, the company posted $1.14 EPS. SeaWorld Entertainment’s revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that SeaWorld Entertainment Inc. will post $0.42 EPS for the current year.
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Several brokerages have recently commented on SEAS. FBR & Co cut their price target on SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Janney Montgomery Scott restated a “neutral” rating and set a $14.50 price target (down previously from $19.00) on shares of SeaWorld Entertainment in a research note on Monday, August 8th. KeyCorp cut their price target on SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 8th. Zacks Investment Research lowered SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. Finally, Citigroup Inc. cut their price target on SeaWorld Entertainment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.46.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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