Dimensional Fund Advisors LP Has $28.16 Million Stake in SeaWorld Entertainment Inc (SEAS)
Dimensional Fund Advisors LP cut its stake in SeaWorld Entertainment Inc (NYSE:SEAS) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,167,363 shares of the company’s stock after selling 671,813 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SeaWorld Entertainment were worth $28,155,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in SeaWorld Entertainment during the 3rd quarter worth $185,000. Sterling Capital Management LLC purchased a new position in SeaWorld Entertainment during the 2nd quarter worth $214,000. OLD National Bancorp IN purchased a new position in SeaWorld Entertainment during the 3rd quarter worth $316,000. First Trust Advisors LP grew its stake in SeaWorld Entertainment by 51.0% during the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock worth $326,000 after buying an additional 8,483 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in SeaWorld Entertainment during the 3rd quarter worth $332,000. Institutional investors and hedge funds own 96.37% of the company’s stock.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. FBR & Co restated a “hold” rating and set a $14.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. Goldman Sachs Group reiterated a “neutral” rating and set a $12.00 price target on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. BidaskClub upgraded SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. 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 presently has an average rating of “Hold” and a consensus target price of $15.73.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. equities research analysts forecast that SeaWorld Entertainment Inc will post -2.27 earnings per share for the current year.
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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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