SeaWorld Entertainment, Inc. (SEAS) Shares Bought by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC increased its holdings in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 45,788.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,888 shares of the company’s stock after purchasing an additional 45,788 shares during the quarter. Tower Research Capital LLC TRC owned 0.05% of SeaWorld Entertainment worth $747,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of SEAS. Alpha Windward LLC acquired a new stake in SeaWorld Entertainment during the 2nd quarter worth approximately $403,000. Oppenheimer Asset Management Inc. increased its position in SeaWorld Entertainment by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after purchasing an additional 770 shares in the last quarter. Paloma Partners Management Co acquired a new stake in SeaWorld Entertainment during the 1st quarter worth approximately $486,000. Canada Pension Plan Investment Board acquired a new stake in SeaWorld Entertainment during the 2nd quarter worth approximately $499,000. Finally, Voya Investment Management LLC increased its position in SeaWorld Entertainment by 18.3% during the 2nd quarter. Voya Investment Management LLC now owns 31,516 shares of the company’s stock worth $513,000 after purchasing an additional 4,869 shares in the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $12.67 per share, for a total transaction of $4,469,976.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,472,969 shares of company stock worth $19,324,419. Company insiders own 3.40% of the company’s stock.
A number of analysts recently issued reports on SEAS shares. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. Janney Montgomery Scott reissued a “buy” rating and set a $25.00 target price on shares of SeaWorld Entertainment in a research report on Friday, June 16th. Stifel Nicolaus reissued a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and increased their price objective for the company from $14.44 to $16.00 in a research report on Tuesday, July 18th. Finally, Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $15.00 in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.70.
Shares of SeaWorld Entertainment, Inc. (SEAS) traded up 3.76% during mid-day trading on Monday, reaching $13.79. 3,598,890 shares of the company’s stock traded hands. The company’s market capitalization is $1.19 billion. The firm has a 50-day moving average price of $12.94 and a 200-day moving average price of $15.52. SeaWorld Entertainment, Inc. has a 1-year low of $11.10 and a 1-year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.77. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. On average, equities research analysts forecast that SeaWorld Entertainment, Inc. will post ($1.72) earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding SEAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SeaWorld Entertainment, Inc. (NYSE:SEAS).
Receive News & Stock Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related stocks with our FREE daily email newsletter.