New York State Common Retirement Fund cut its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,324 shares of the company’s stock after selling 34,348 shares during the period. New York State Common Retirement Fund’s holdings in SeaWorld Entertainment were worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in SeaWorld Entertainment by 1,898.1% during the third quarter. Renaissance Technologies LLC now owns 1,180,900 shares of the company’s stock valued at $37,116,000 after purchasing an additional 1,121,800 shares during the period. Ibex Investors LLC purchased a new stake in SeaWorld Entertainment during the third quarter valued at approximately $212,000. Quantamental Technologies LLC purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at approximately $31,000. SG Americas Securities LLC purchased a new stake in SeaWorld Entertainment during the third quarter valued at approximately $1,215,000. Finally, Cerebellum GP LLC raised its position in SeaWorld Entertainment by 10.1% during the fourth quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock valued at $144,000 after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Shares of NYSE SEAS opened at $24.20 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 5.64. SeaWorld Entertainment Inc has a fifty-two week low of $13.87 and a fifty-two week high of $32.47. The company has a market capitalization of $2.21 billion, a PE ratio of 23.73 and a beta of 1.49.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). SeaWorld Entertainment had a return on equity of 28.25% and a net margin of 3.26%. The firm had revenue of $280.00 million for the quarter, compared to the consensus estimate of $276.09 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that SeaWorld Entertainment Inc will post 1.23 earnings per share for the current year.

A number of equities research analysts have issued reports on SEAS shares. Zacks Investment Research downgraded SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. KeyCorp set a $35.00 price target on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday, December 17th. Citigroup increased their price target on SeaWorld Entertainment from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, December 19th. Wells Fargo & Co upgraded SeaWorld Entertainment from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Thursday, January 17th. Finally, ValuEngine downgraded SeaWorld Entertainment from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. SeaWorld Entertainment currently has a consensus rating of “Buy” and an average price target of $31.51.

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SeaWorld Entertainment Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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