SeaWorld Entertainment Inc (NYSE:SEAS) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 7,717,900 shares, an increase of 5.5% from the May 30th total of 7,313,900 shares. Currently, 11.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 4.1 days.
In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the firm’s stock in a transaction that occurred on Monday, May 27th. The shares were sold at an average price of $26.71, for a total transaction of $502,945,934.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its stake in shares of SeaWorld Entertainment by 47.7% during the 4th quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock worth $35,000 after purchasing an additional 515 shares during the period. Signaturefd LLC bought a new stake in shares of SeaWorld Entertainment during the 1st quarter worth $57,000. Quantamental Technologies LLC raised its stake in shares of SeaWorld Entertainment by 92.7% during the 1st quarter. Quantamental Technologies LLC now owns 2,669 shares of the company’s stock worth $69,000 after purchasing an additional 1,284 shares during the period. SG Americas Securities LLC bought a new stake in shares of SeaWorld Entertainment during the 1st quarter worth $119,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SeaWorld Entertainment by 30.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the company’s stock worth $127,000 after purchasing an additional 1,145 shares during the period. 84.86% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on SEAS shares. KeyCorp set a $37.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Friday, April 12th. Goldman Sachs Group downgraded shares of JSR from a “neutral” rating to a “sell” rating in a research report on Friday, June 21st. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. TheStreet downgraded shares of 22nd Century Group from a “c-” rating to a “d+” rating in a research report on Friday, March 29th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 price objective on shares of SeaWorld Entertainment in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $33.01.
NYSE SEAS opened at $34.02 on Wednesday. The company has a fifty day simple moving average of $30.99. SeaWorld Entertainment has a 12-month low of $21.00 and a 12-month high of $34.72. 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 $2.81 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.22 and a beta of 1.07.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The business had revenue of $220.60 million during the quarter, compared to the consensus estimate of $215.91 million. During the same quarter last year, the firm posted ($0.73) EPS. SeaWorld Entertainment’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that SeaWorld Entertainment will post 1.48 EPS for the current fiscal year.
SeaWorld Entertainment Company 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.
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