New Jersey Better Educational Savings Trust Has $553,000 Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)
New Jersey Better Educational Savings Trust increased its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 70.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,000 shares of the company’s stock after buying an additional 14,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in SeaWorld Entertainment were worth $553,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of SeaWorld Entertainment during the fourth quarter worth $3,048,000. Teachers Advisors LLC raised its stake in shares of SeaWorld Entertainment by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 108,812 shares of the company’s stock worth $2,060,000 after buying an additional 2,882 shares during the last quarter. Jennison Associates LLC raised its stake in shares of SeaWorld Entertainment by 15.7% in the first quarter. Jennison Associates LLC now owns 1,807,274 shares of the company’s stock worth $33,019,000 after buying an additional 245,000 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of SeaWorld Entertainment during the first quarter worth $54,199,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of SeaWorld Entertainment by 38.7% in the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after buying an additional 16,479 shares during the last quarter.
SeaWorld Entertainment, Inc. (SEAS) opened at 12.78 on Thursday. SeaWorld Entertainment, Inc. has a 52 week low of $11.10 and a 52 week high of $20.13. The stock’s 50 day moving average price is $14.95 and its 200 day moving average price is $17.17. The firm’s market capitalization is $1.09 billion.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.77. The firm had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a positive return on equity of 20.65% and a negative net margin of 13.95%. SeaWorld Entertainment’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities analysts expect that SeaWorld Entertainment, Inc. will post ($0.21) EPS for the current year.
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SEAS has been the subject of a number of research reports. ValuEngine raised SeaWorld Entertainment from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet downgraded SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday. FBR & Co downgraded SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $15.00 in a report on Wednesday. B. Riley reaffirmed a “market perform” rating and set a $15.00 target price on shares of SeaWorld Entertainment in a report on Thursday, August 3rd. Finally, Stifel Nicolaus decreased their target price on SeaWorld Entertainment from $23.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and an average price target of $16.75.
In related news, CFO Peter J. Crage sold 3,000 shares of SeaWorld Entertainment stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.20, for a total transaction of $54,600.00. Following the completion of the transaction, the chief financial officer now directly owns 275,435 shares of the company’s stock, valued at $5,012,917. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 362,025 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $17.82 per share, with a total value of $6,451,285.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,339,675 shares of company stock valued at $59,861,537. 3.40% of the stock is currently owned by insiders.
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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