SeaWorld Entertainment, Inc. (SEAS) Sees Significant Increase in Short Interest
SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 28,905,957 shares, an increase of 18.7% from the July 31st total of 24,355,907 shares. Based on an average trading volume of 5,120,173 shares, the days-to-cover ratio is currently 5.6 days. Currently, 45.1% of the company’s stock are short sold.
SeaWorld Entertainment (SEAS) opened at 12.99 on Wednesday. The company’s market capitalization is $1.12 billion. The company has a 50-day moving average price of $14.16 and a 200 day moving average price of $16.74. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that SeaWorld Entertainment will post ($1.35) earnings per share for the current year.
A number of brokerages have recently commented on SEAS. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Janney Montgomery Scott reissued a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, May 10th. Barclays PLC reissued an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. FBR & Co boosted their price target on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a research report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.58.
In other news, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $15.25 per share, with a total value of $298,900.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Lp acquired 584,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $17.84 per share, for a total transaction of $10,418,560.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,383,619 shares of company stock worth $35,116,960. Insiders own 3.40% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of SeaWorld Entertainment by 10.9% in the second quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after buying an additional 13,437 shares during the period. Rutabaga Capital Management LLC MA raised its stake in shares of SeaWorld Entertainment by 13.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after buying an additional 133,037 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of SeaWorld Entertainment during the second quarter valued at about $214,000. Walthausen & Co. LLC raised its stake in shares of SeaWorld Entertainment by 6.4% in the second quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after buying an additional 65,351 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of SeaWorld Entertainment by 45,788.0% in the second quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock valued at $747,000 after buying an additional 45,788 shares during the period. 89.34% of the stock is owned by hedge funds and other institutional investors.
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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.
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