Envestnet Asset Management Inc. Has $1.16 Million Stock Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Envestnet Asset Management Inc. increased its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) by 22.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,305 shares of the company’s stock after acquiring an additional 4,850 shares during the period. Envestnet Asset Management Inc.’s holdings in SeaWorld Entertainment were worth $1,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEAS. FDx Advisors Inc. grew its position in SeaWorld Entertainment by 26.1% during the 1st quarter. FDx Advisors Inc. now owns 6,774 shares of the company’s stock worth $504,000 after acquiring an additional 1,401 shares during the last quarter. Commonwealth Equity Services LLC grew its position in SeaWorld Entertainment by 8.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,006 shares of the company’s stock worth $372,000 after acquiring an additional 410 shares during the last quarter. Victory Capital Management Inc. grew its position in SeaWorld Entertainment by 11,180.1% during the 1st quarter. Victory Capital Management Inc. now owns 672,180 shares of the company’s stock worth $49,997,000 after acquiring an additional 666,221 shares during the last quarter. Prospera Financial Services Inc bought a new stake in SeaWorld Entertainment during the 1st quarter worth $47,000. Finally, Russell Investments Group Ltd. grew its position in SeaWorld Entertainment by 1.8% during the 1st quarter. Russell Investments Group Ltd. now owns 679,312 shares of the company’s stock worth $50,141,000 after acquiring an additional 12,080 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Marc Swanson sold 4,000 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $48.75, for a total value of $195,000.00. Following the completion of the sale, the chief executive officer now directly owns 162,129 shares of the company’s stock, valued at $7,903,788.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Christopher L. Finazzo purchased 8,950 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of $55.99 per share, with a total value of $501,110.50. Following the completion of the acquisition, the insider now directly owns 72,221 shares of the company’s stock, valued at $4,043,653.79. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Swanson sold 4,000 shares of the stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $48.75, for a total value of $195,000.00. Following the completion of the sale, the chief executive officer now owns 162,129 shares in the company, valued at approximately $7,903,788.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

SeaWorld Entertainment Stock Performance

SEAS stock opened at $54.40 on Wednesday. The stock’s 50 day simple moving average is $52.48 and its 200 day simple moving average is $50.95. SeaWorld Entertainment, Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $76.57. The company has a market cap of $3.48 billion, a P/E ratio of 12.34 and a beta of 2.05.

Analysts Set New Price Targets

SEAS has been the topic of a number of research reports. Truist Financial reduced their price objective on SeaWorld Entertainment from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. StockNews.com lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft reduced their price target on SeaWorld Entertainment from $77.00 to $76.00 in a research report on Wednesday, November 2nd. Citigroup upped their price target on SeaWorld Entertainment from $49.00 to $61.00 in a research report on Monday, October 31st. Finally, Rosenblatt Securities cut their target price on SeaWorld Entertainment from $92.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

About SeaWorld Entertainment

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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.

See Also

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

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