Balyasny Asset Management LLC Purchases 57,830 Shares of SeaWorld Entertainment, Inc. (SEAS)
Balyasny Asset Management LLC lifted its position in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 38.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 208,731 shares of the company’s stock after acquiring an additional 57,830 shares during the period. Balyasny Asset Management LLC owned 0.24% of SeaWorld Entertainment worth $3,396,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in SEAS. UBS Asset Management Americas Inc. grew its position in shares of SeaWorld Entertainment by 38.7% during the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after acquiring an additional 16,479 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in SeaWorld Entertainment by 5.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after buying an additional 20,491 shares in the last quarter. American International Group Inc. grew its position in SeaWorld Entertainment by 7.1% in the 1st quarter. American International Group Inc. now owns 41,203 shares of the company’s stock valued at $753,000 after buying an additional 2,730 shares in the last quarter. Neuberger Berman Group LLC bought a new position in SeaWorld Entertainment in the 1st quarter valued at about $2,101,000. Finally, Teachers Advisors LLC grew its position in SeaWorld Entertainment by 7.7% in the 1st quarter. Teachers Advisors LLC now owns 117,192 shares of the company’s stock valued at $2,141,000 after buying an additional 8,380 shares in the last quarter. Institutional investors and hedge funds own 89.36% of the company’s stock.
In related news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of SeaWorld Entertainment stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 44,600 shares of SeaWorld Entertainment stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $12.72 per share, for a total transaction of $567,312.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,472,969 shares of company stock valued at $19,324,419. Corporate insiders own 3.40% of the company’s stock.
SEAS has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a research report on Wednesday, August 30th. They issued an “overweight” rating for the company. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a research report on Friday, October 6th. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down previously from $23.00) on shares of SeaWorld Entertainment in a research report on Wednesday, August 2nd. Finally, ValuEngine lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.70.
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Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) opened at 13.16 on Wednesday. The firm has a 50-day moving average of $12.95 and a 200-day moving average of $15.43. SeaWorld Entertainment, Inc. has a one year low of $11.10 and a one year high of $20.13. The firm’s market capitalization is $1.13 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.77. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts predict that SeaWorld Entertainment, Inc. will post ($1.72) earnings per share for the current fiscal year.
About SeaWorld Entertainment
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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