SeaWorld Entertainment, Inc. (SEAS) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC lessened its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,500 shares of the company’s stock after selling 3,500 shares during the period. Neuberger Berman Group LLC owned about 0.13% of SeaWorld Entertainment worth $1,814,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Airain ltd purchased a new position in shares of SeaWorld Entertainment in the first quarter worth about $343,000. Alpha Windward LLC purchased a new position in shares of SeaWorld Entertainment in the second quarter worth about $403,000. Oppenheimer Asset Management Inc. purchased a new position in shares of SeaWorld Entertainment in the first quarter worth about $466,000. Paloma Partners Management Co purchased a new position in shares of SeaWorld Entertainment in the first quarter worth about $486,000. Finally, Cipher Capital LP purchased a new position in shares of SeaWorld Entertainment in the first quarter worth about $560,000. Institutional investors and hedge funds own 89.34% of the company’s stock.
SeaWorld Entertainment, Inc. (SEAS) opened at 13.02 on Friday. The stock has a 50 day moving average of $13.32 and a 200-day moving average of $16.12. The company’s market capitalization is $1.12 billion. SeaWorld Entertainment, Inc. has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last released its 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. The company had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities research analysts anticipate that SeaWorld Entertainment, Inc. will post ($1.13) earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on SEAS shares. KeyCorp started coverage on shares of SeaWorld Entertainment in a research note on Wednesday, August 30th. They issued an “overweight” rating for the company. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down previously from $23.00) on shares of SeaWorld Entertainment in a research note on Wednesday, August 2nd. ValuEngine downgraded shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $15.00 in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.42.
In other news, major shareholder Hill Path Capital Partners Co- bought 64,300 shares of SeaWorld Entertainment stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average cost of $15.52 per share, with a total value of $997,936.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Insiders purchased a total of 1,611,369 shares of company stock valued at $21,468,185 over the last three months. 3.40% of the stock is currently owned by insiders.
SeaWorld Entertainment 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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