Nuveen Asset Management LLC acquired a new stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 349,119 shares of the company’s stock, valued at approximately $10,823,000. Nuveen Asset Management LLC owned approximately 0.44% of SeaWorld Entertainment as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of SEAS. Geode Capital Management LLC lifted its holdings in shares of SeaWorld Entertainment by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 657,637 shares of the company’s stock worth $14,527,000 after purchasing an additional 45,210 shares during the last quarter. Neuberger Berman Group LLC increased its position in SeaWorld Entertainment by 1.0% in the 1st quarter. Neuberger Berman Group LLC now owns 937,526 shares of the company’s stock valued at $24,138,000 after acquiring an additional 8,857 shares during the period. WINTON GROUP Ltd acquired a new stake in SeaWorld Entertainment in the 2nd quarter valued at approximately $219,000. Campbell & CO Investment Adviser LLC acquired a new stake in SeaWorld Entertainment in the 2nd quarter valued at approximately $394,000. Finally, Eqis Capital Management Inc. increased its position in SeaWorld Entertainment by 4.8% in the 2nd quarter. Eqis Capital Management Inc. now owns 20,000 shares of the company’s stock valued at $620,000 after acquiring an additional 908 shares during the period.
Several analysts recently commented on SEAS shares. Zacks Investment Research cut SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Goldman Sachs Group set a $37.00 target price on SeaWorld Entertainment and gave the company a “buy” rating in a research report on Wednesday. Bank of America set a $22.00 target price on SeaWorld Entertainment and gave the company a “sell” rating in a research report on Tuesday, September 17th. Finally, TheStreet upgraded SeaWorld Entertainment from a “c” rating to a “b-” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and a consensus price target of $31.51.
Shares of SEAS stock opened at $26.36 on Friday. SeaWorld Entertainment Inc has a 1 year low of $21.36 and a 1 year high of $34.72. The stock has a market cap of $2.04 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.17. The business’s fifty day moving average is $28.14 and its 200-day moving average is $28.64. The company has a debt-to-equity ratio of 12.28, a quick ratio of 0.25 and a current ratio of 0.34.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.12. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The company had revenue of $406.00 million for the quarter, compared to analysts’ expectations of $411.77 million. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts predict that SeaWorld Entertainment Inc will post 1.61 earnings per share for the current year.
In other news, insider Marc Swanson sold 5,827 shares of SeaWorld Entertainment stock in a transaction on Monday, September 16th. The stock was sold at an average price of $29.98, for a total transaction of $174,693.46. Following the transaction, the insider now directly owns 113,962 shares in the company, valued at approximately $3,416,580.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.
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.
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