Stock Traders Buy Large Volume of Put Options on SeaWorld Entertainment (SEAS)
SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of some unusual options trading activity on Wednesday. Investors bought 28,498 put options on the company. This is an increase of 1,058% compared to the typical volume of 2,460 put options.
A number of brokerages have recently issued reports on SEAS. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $12.00 price target on shares of SeaWorld Entertainment in a research note on Thursday. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a research note on Friday. Finally, FBR & Co lowered shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $15.00 in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and an average price target of $16.70.
In other news, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Lp purchased 352,800 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The disclosure for this purchase can be found here. Insiders bought 1,472,969 shares of company stock valued at $19,324,419 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SEAS. Hill Path Capital LP raised its position in shares of SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after buying an additional 7,616,675 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of SeaWorld Entertainment by 162.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,018,016 shares of the company’s stock worth $18,599,000 after buying an additional 630,016 shares in the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of SeaWorld Entertainment by 76.2% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock worth $17,529,000 after buying an additional 414,821 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in shares of SeaWorld Entertainment by 39.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,069,752 shares of the company’s stock worth $17,554,000 after buying an additional 302,965 shares in the last quarter. Finally, Strs Ohio raised its position in shares of SeaWorld Entertainment by 27.0% during the 2nd quarter. Strs Ohio now owns 1,175,000 shares of the company’s stock worth $19,117,000 after buying an additional 250,000 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.
SeaWorld Entertainment (SEAS) opened at 13.29 on Friday. The firm’s market capitalization is $1.14 billion. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13. The firm’s 50-day moving average is $12.94 and its 200 day moving average is $15.52.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same period in the previous year, the firm earned $0.21 EPS. SeaWorld Entertainment’s revenue was up .7% on a year-over-year basis. Equities analysts predict that SeaWorld Entertainment will post ($1.72) earnings per share for the current year.
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.
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.