Dimensional Fund Advisors LP Grows Position in SeaWorld Entertainment, Inc. (SEAS)
Dimensional Fund Advisors LP increased its holdings in SeaWorld Entertainment, Inc. (NYSE:SEAS) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,839,176 shares of the company’s stock after purchasing an additional 43,358 shares during the quarter. Dimensional Fund Advisors LP owned 3.32% of SeaWorld Entertainment worth $46,194,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in shares of SeaWorld Entertainment by 2.7% in the 2nd quarter. Nordea Investment Management AB now owns 220,500 shares of the company’s stock worth $3,588,000 after purchasing an additional 5,800 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in shares of SeaWorld Entertainment by 6.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 58,023 shares of the company’s stock worth $944,000 after purchasing an additional 3,675 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SeaWorld Entertainment by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock worth $90,345,000 after purchasing an additional 197,177 shares in the last quarter. Northern Trust Corp raised its holdings in shares of SeaWorld Entertainment by 3.6% in the 2nd quarter. Northern Trust Corp now owns 903,128 shares of the company’s stock worth $14,694,000 after purchasing an additional 31,249 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its holdings in shares of SeaWorld Entertainment by 39.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,069,752 shares of the company’s stock worth $17,554,000 after purchasing an additional 302,965 shares in the last quarter. Institutional investors and hedge funds own 89.36% of the company’s stock.
In related news, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought 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. Insiders purchased a total of 1,472,969 shares of company stock worth $19,324,419 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.
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SeaWorld Entertainment, Inc. (NYSE SEAS) opened at 12.38 on Monday. The company’s 50-day moving average is $12.84 and its 200-day moving average is $15.16. SeaWorld Entertainment, Inc. has a 12 month low of $11.10 and a 12 month high of $20.13. The stock’s market capitalization is $1.06 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.77. The business had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. SeaWorld Entertainment’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Equities analysts anticipate that SeaWorld Entertainment, Inc. will post ($2.07) earnings per share for the current year.
SEAS has been the topic of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of SeaWorld Entertainment in a report on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. FBR & Co restated a “hold” rating and set a $14.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. B. Riley restated a “market perform” rating and set a $15.00 price target on shares of SeaWorld Entertainment in a report on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.45.
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.
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