AHL Partners LLP Has $10.06 Million Stake in SeaWorld Entertainment, Inc. (SEAS)
AHL Partners LLP lifted its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 60.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 618,560 shares of the company’s stock after acquiring an additional 233,336 shares during the period. AHL Partners LLP owned 0.72% of SeaWorld Entertainment worth $10,064,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in SeaWorld Entertainment by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after buying an additional 144 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of SeaWorld Entertainment by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after buying an additional 770 shares in the last quarter. Legal & General Group Plc raised its position in shares of SeaWorld Entertainment by 1.7% during the 1st quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after buying an additional 1,352 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of SeaWorld Entertainment by 1.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock worth $3,015,000 after buying an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of SeaWorld Entertainment by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock worth $1,272,000 after buying an additional 2,541 shares in the last quarter. Institutional investors and hedge funds own 89.33% of the company’s stock.
SeaWorld Entertainment, Inc. (SEAS) traded up 3.54% during trading on Monday, hitting $13.45. The company had a trading volume of 1,189,665 shares. The firm has a 50-day moving average of $13.19 and a 200 day moving average of $15.99. The company’s market capitalization is $1.16 billion. SeaWorld Entertainment, Inc. has a 12-month low of $11.10 and a 12-month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same quarter in the prior year, the business posted $0.21 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts forecast that SeaWorld Entertainment, Inc. will post ($1.42) earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a research note on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. B. Riley reiterated a “market perform” rating and set a $15.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, August 3rd. Citigroup Inc. raised SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 target price on the stock in a report on Friday, July 28th. Finally, FBR & Co cut SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.00 to $15.00 in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. SeaWorld Entertainment has a consensus rating of “Hold” and an average target price of $17.55.
In other news, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $15.25 per share, for a total transaction of $298,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,556,869 shares of company stock valued at $20,621,255. 3.40% of the stock is owned by insiders.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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