J.W. Cole Advisors Inc. Makes New $75,000 Investment in SeaWorld Entertainment, Inc. (NYSE:SEAS)

J.W. Cole Advisors Inc. acquired a new position in shares of SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) during the first quarter, HoldingsChannel reports. The fund acquired 33,456 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Quadrant LLC CA bought a new stake in SeaWorld Entertainment during the 1st quarter worth about $42,000. Rinkey Investments bought a new stake in SeaWorld Entertainment during the 4th quarter worth about $37,000. Prospera Financial Services Inc bought a new position in shares of SeaWorld Entertainment in the 1st quarter valued at about $47,000. Counterpoint Mutual Funds LLC bought a new position in shares of SeaWorld Entertainment in the 1st quarter valued at about $69,000. Finally, Covestor Ltd boosted its stake in shares of SeaWorld Entertainment by 588.6% in the 1st quarter. Covestor Ltd now owns 1,632 shares of the company’s stock valued at $121,000 after purchasing an additional 1,395 shares during the last quarter.

Wall Street Analyst Weigh In

SEAS has been the topic of several recent research reports. StockNews.com raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. KeyCorp lowered shares of SeaWorld Entertainment to a “sector weight” rating in a research note on Tuesday, July 19th. Credit Suisse Group raised their target price on shares of SeaWorld Entertainment to $97.00 in a research note on Tuesday, August 9th. Citigroup reduced their target price on shares of SeaWorld Entertainment from $62.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, July 8th. Finally, Stifel Nicolaus reduced their target price on shares of SeaWorld Entertainment from $94.00 to $66.00 in a research note on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, SeaWorld Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.44.

Insiders Place Their Bets

In other SeaWorld Entertainment news, CEO Marc Swanson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.07, for a total transaction of $164,280.00. Following the sale, the chief executive officer now directly owns 174,129 shares in the company, valued at approximately $7,151,478.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.07, for a total value of $164,280.00. Following the sale, the chief executive officer now directly owns 174,129 shares in the company, valued at $7,151,478.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel C. Mayer sold 2,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $54.90, for a total transaction of $109,800.00. Following the completion of the sale, the insider now owns 11,038 shares in the company, valued at $605,986.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,000 shares of company stock worth $707,240. Company insiders own 1.00% of the company’s stock.

SeaWorld Entertainment Price Performance

SeaWorld Entertainment stock opened at $49.39 on Friday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 13.35 and a beta of 2.04. The company’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $56.13. SeaWorld Entertainment, Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $76.57.

SeaWorld Entertainment (NYSE:SEASGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.59 by $0.03. The firm had revenue of $504.80 million for the quarter, compared to the consensus estimate of $504.35 million. SeaWorld Entertainment had a net margin of 16.87% and a negative return on equity of 227.46%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. As a group, analysts predict that SeaWorld Entertainment, Inc. will post 4.36 EPS for the current fiscal year.

SeaWorld Entertainment Profile

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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.

Further Reading

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

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