Penn Capital Management Co. Inc. cut its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 17.0% in the 1st quarter, Holdings Channel reports. The fund owned 304,483 shares of the company’s stock after selling 62,225 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in SeaWorld Entertainment were worth $9,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SEAS. Quantamental Technologies LLC bought a new stake in shares of SeaWorld Entertainment in the 4th quarter valued at $31,000. Advisor Group Inc. lifted its stake in shares of SeaWorld Entertainment by 47.7% in the 4th quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after acquiring an additional 515 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of SeaWorld Entertainment in the 4th quarter valued at $38,000. Oppenheimer Asset Management Inc. bought a new position in shares of SeaWorld Entertainment in the 4th quarter valued at $81,000. Finally, SG Americas Securities LLC bought a new position in shares of SeaWorld Entertainment in the 1st quarter valued at $119,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Shares of SEAS traded up $0.09 during mid-day trading on Wednesday, reaching $26.45. 109,001 shares of the company’s stock were exchanged, compared to its average volume of 1,927,958. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 7.15. The firm has a market cap of $2.23 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.65 and a beta of 1.46. SeaWorld Entertainment Inc has a 52-week low of $15.94 and a 52-week high of $32.47.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The firm had revenue of $220.60 million for the quarter, compared to analyst estimates of $215.91 million. During the same period last year, the firm posted ($0.73) EPS. SeaWorld Entertainment’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that SeaWorld Entertainment Inc will post 1.43 EPS for the current fiscal year.

Several research firms have recently commented on SEAS. TheStreet downgraded shares of SeaWorld Entertainment from a “b-” rating to a “c” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Janney Montgomery Scott restated a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a research report on Wednesday, May 8th. KeyCorp set a $37.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Co upgraded shares of SeaWorld Entertainment from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $32.21.

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About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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