Insider Selling: SeaWorld Entertainment, Inc. (NYSE:SEAS) CEO Sells $223,240.00 in Stock

SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) CEO Marc Swanson sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $55.81, for a total value of $223,240.00. Following the completion of the sale, the chief executive officer now directly owns 160,537 shares of the company’s stock, valued at $8,959,569.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marc Swanson also recently made the following trade(s):

• On Thursday, March 16th, Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock. The stock was sold at an average price of $55.73, for a total value of $222,920.00.

SeaWorld Entertainment Price Performance

NYSE:SEAS opened at $55.89 on Friday. The business has a fifty day simple moving average of $56.53 and a two-hundred day simple moving average of $57.84. SeaWorld Entertainment, Inc. has a 1 year low of $40.01 and a 1 year high of $68.19. The company has a market capitalization of $3.57 billion, a P/E ratio of 13.60 and a beta of 1.98.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.07). SeaWorld Entertainment had a negative return on equity of 66.21% and a net margin of 16.18%. The firm had revenue of $293.40 million during the quarter, compared to analysts’ expectations of $281.40 million. During the same period in the prior year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that SeaWorld Entertainment, Inc. will post 5.06 earnings per share for the current year.

Institutional Trading of SeaWorld Entertainment

A number of large investors have recently bought and sold shares of SEAS. Waratah Capital Advisors Ltd. purchased a new stake in SeaWorld Entertainment in the first quarter worth $98,070,000. Invesco Ltd. boosted its holdings in shares of SeaWorld Entertainment by 579.7% in the first quarter. Invesco Ltd. now owns 1,122,612 shares of the company’s stock worth $83,566,000 after acquiring an additional 957,438 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of SeaWorld Entertainment by 3,606.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s stock worth $60,142,000 after acquiring an additional 786,122 shares during the period. JAT Capital Mgmt LP boosted its holdings in shares of SeaWorld Entertainment by 106.1% in the first quarter. JAT Capital Mgmt LP now owns 1,391,507 shares of the company’s stock worth $85,313,000 after acquiring an additional 716,408 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of SeaWorld Entertainment by 16.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,969,178 shares of the company’s stock worth $226,147,000 after acquiring an additional 715,217 shares during the period.

Analysts Set New Price Targets

SEAS has been the subject of several analyst reports. Citigroup increased their price objective on SeaWorld Entertainment from $58.00 to $60.00 in a research note on Wednesday, May 10th. Deutsche Bank Aktiengesellschaft increased their price objective on SeaWorld Entertainment from $76.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. StockNews.com started coverage on SeaWorld Entertainment in a research report on Thursday. They set a “hold” rating for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $69.00 price target on shares of SeaWorld Entertainment in a research report on Wednesday, March 22nd. Finally, Truist Financial increased their price target on SeaWorld Entertainment from $60.00 to $72.00 in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.63.

About SeaWorld Entertainment

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SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.