SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of some unusual options trading on Wednesday. Investors acquired 32,758 call options on the company. This is an increase of 1,071% compared to the average volume of 2,797 call options.

SeaWorld Entertainment (SEAS) opened at 13.29 on Monday. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13. The firm’s 50-day moving average price is $12.94 and its 200-day moving average price is $15.52. The stock’s market cap is $1.14 billion.

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. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that SeaWorld Entertainment will post ($1.72) earnings per share for the current year.

A number of analysts have recently commented on the company. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. Stifel Nicolaus restated a “buy” rating and issued a $23.00 target price on shares of SeaWorld Entertainment in a research note on Friday, July 14th. TheStreet downgraded SeaWorld Entertainment from a “c-” rating to a “d” rating in a research note on Tuesday, August 8th. FBR & Co downgraded SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $20.00 to $15.00 in a research note on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and upped their target price for the stock from $14.44 to $16.00 in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.70.

In related news, major shareholder Hill Path Capital Partners Co- bought 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 44,600 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $12.72 per share, for a total transaction of $567,312.00. The disclosure for this purchase can be found here. Insiders bought 1,472,969 shares of company stock worth $19,324,419 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in SeaWorld Entertainment during the 2nd quarter worth approximately $499,000. Alpha Windward LLC acquired a new position in SeaWorld Entertainment during the 2nd quarter worth approximately $403,000. Hill Path Capital LP increased its position in SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after purchasing an additional 7,616,675 shares during the period. Gotham Asset Management LLC acquired a new position in SeaWorld Entertainment during the 1st quarter worth approximately $4,518,000. Finally, Parametric Portfolio Associates LLC increased its position in SeaWorld Entertainment by 5.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock worth $6,721,000 after purchasing an additional 20,491 shares during the period. Institutional investors own 89.33% of the company’s stock.

WARNING: “Stock Traders Buy High Volume of Call Options on SeaWorld Entertainment (SEAS)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/10/09/stock-traders-buy-high-volume-of-call-options-on-seaworld-entertainment-seas.html.

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.

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.