HighTower Advisors LLC reduced its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,328 shares of the company’s stock after selling 3,661 shares during the period. HighTower Advisors LLC owned approximately 0.06% of SeaWorld Entertainment worth $975,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SEAS. Credit Agricole S A purchased a new position in SeaWorld Entertainment during the fourth quarter worth approximately $100,000. Airain ltd purchased a new position in SeaWorld Entertainment during the first quarter worth approximately $343,000. Oppenheimer Asset Management Inc. bought a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $466,000. Paloma Partners Management Co bought a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $486,000. Finally, Cipher Capital LP bought a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $560,000.

Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) traded down 1.49% during mid-day trading on Thursday, reaching $13.86. The company had a trading volume of 3,151,307 shares. SeaWorld Entertainment, Inc. has a 52-week low of $11.77 and a 52-week high of $20.13. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 106.62 and a beta of 0.74. The firm’s 50-day moving average price is $15.42 and its 200 day moving average price is $17.38.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. During the same period last year, the firm earned ($0.56) EPS. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities analysts expect that SeaWorld Entertainment, Inc. will post $0.67 EPS for the current year.

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Several equities analysts have commented on SEAS shares. Janney Montgomery Scott reissued a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, June 16th. SunTrust Banks, Inc. initiated coverage on SeaWorld Entertainment in a research report on Wednesday, April 12th. They issued a “buy” rating and a $22.00 target price for the company. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) initiated coverage on SeaWorld Entertainment in a research report on Thursday, April 6th. They issued a “sell” rating and a $16.00 target price for the company. Finally, FBR & Co raised their target price on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.03.

In related news, major shareholder Delaware L.P. Sw sold 19,452,063 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $23.00, for a total transaction of $447,397,449.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of SeaWorld Entertainment stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $15.25 per share, for a total transaction of $298,900.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,540,475 shares of company stock valued at $63,638,585. 3.40% of the stock is currently owned by corporate insiders.

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.

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

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