Russell Investments Group Ltd. reduced its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 57.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,973 shares of the company’s stock after selling 43,202 shares during the quarter. Russell Investments Group Ltd.’s holdings in SeaWorld Entertainment were worth $415,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SEAS. Schwab Charles Investment Management Inc. increased its holdings in SeaWorld Entertainment by 6.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 613,150 shares of the company’s stock worth $9,976,000 after purchasing an additional 39,421 shares in the last quarter. Rhumbline Advisers increased its holdings in SeaWorld Entertainment by 3.4% in the second quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock worth $1,272,000 after purchasing an additional 2,541 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SeaWorld Entertainment by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock worth $9,591,000 after purchasing an additional 12,371 shares in the last quarter. Legal & General Group Plc increased its holdings in SeaWorld Entertainment by 2.1% in the second quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock worth $1,323,000 after purchasing an additional 1,656 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in SeaWorld Entertainment by 2,126.8% in the second quarter. BNP Paribas Arbitrage SA now owns 41,708 shares of the company’s stock worth $679,000 after purchasing an additional 39,835 shares in the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

A number of brokerages have commented on SEAS. Goldman Sachs Group reissued a “neutral” rating and issued a $12.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday, November 10th. B. Riley reissued a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, December 8th. Citigroup reissued a “neutral” rating and issued a $14.00 price objective (down previously from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Finally, Stifel Nicolaus reduced their price objective on SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.73.

SeaWorld Entertainment Inc (NYSE:SEAS) opened at $13.84 on Friday. The stock has a market capitalization of $1,250.00, a P/E ratio of -6.10 and a beta of 0.73. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04. SeaWorld Entertainment Inc has a 1 year low of $10.42 and a 1 year high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The company 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 quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. research analysts forecast that SeaWorld Entertainment Inc will post -2.27 EPS for the current year.

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

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