Jennison Associates LLC Lowers Holdings in SeaWorld Entertainment Inc (SEAS)
Jennison Associates LLC lessened its position in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,674,170 shares of the company’s stock after selling 5,135 shares during the quarter. Jennison Associates LLC’s holdings in SeaWorld Entertainment were worth $22,718,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Strs Ohio grew its position in SeaWorld Entertainment by 15.4% during the fourth quarter. Strs Ohio now owns 1,500,000 shares of the company’s stock valued at $20,355,000 after acquiring an additional 200,000 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of SeaWorld Entertainment by 17.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 722,763 shares of the company’s stock worth $9,808,000 after buying an additional 109,299 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of SeaWorld Entertainment by 14.5% in the third quarter. Public Employees Retirement System of Ohio now owns 156,735 shares of the company’s stock worth $2,036,000 after buying an additional 19,823 shares during the period. Sterling Capital Management LLC boosted its position in shares of SeaWorld Entertainment by 22,754.8% in the third quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock worth $38,980,000 after buying an additional 2,987,705 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of SeaWorld Entertainment by 2,066.8% in the third quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock worth $31,384,000 after buying an additional 2,304,523 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
SeaWorld Entertainment Inc (NYSE:SEAS) opened at $15.25 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 5.04. SeaWorld Entertainment Inc has a one year low of $10.42 and a one year high of $20.13. The company has a market capitalization of $1,332.13, a PE ratio of 15.84 and a beta of 0.74.
SEAS has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 5th. Zacks Investment Research raised SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, October 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 target price on shares of SeaWorld Entertainment in a research report on Friday, November 10th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $14.00 target price on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and an average target price of $15.73.
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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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