J.W. Cole Advisors Inc. acquired a new position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS – Get 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
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:SEAS – Get 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
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.
- Get a free copy of the StockNews.com research report on SeaWorld Entertainment (SEAS)
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