State of New Jersey Common Pension Fund D raised its position in SeaWorld Entertainment, Inc. (NYSE:SEAS) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,800,000 shares of the company’s stock after buying an additional 160,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in SeaWorld Entertainment were worth $45,556,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in SEAS. Legal & General Group Plc increased its stake in shares of SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after buying an additional 1,352 shares during the period. American International Group Inc. increased its stake in shares of SeaWorld Entertainment by 7.1% in the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock worth $753,000 after buying an additional 2,730 shares during the period. Teachers Advisors LLC increased 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 period. California Public Employees Retirement System increased its stake in shares of SeaWorld Entertainment by 9.5% in the first quarter. California Public Employees Retirement System now owns 184,500 shares of the company’s stock worth $3,371,000 after buying an additional 16,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of SeaWorld Entertainment by 3.4% in the first quarter. Geode Capital Management LLC now owns 490,640 shares of the company’s stock worth $8,963,000 after buying an additional 16,168 shares during the period.
SeaWorld Entertainment, Inc. (NYSE SEAS) opened at 14.21 on Friday. SeaWorld Entertainment, Inc. has a 12 month low of $11.77 and a 12 month high of $20.13. The firm has a market cap of $1.21 billion, a PE ratio of 125.75 and a beta of 0.73. The company has a 50-day moving average price of $15.42 and a 200 day moving average price of $17.38.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.53) by $0.13. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. During the same period in the previous year, the business posted ($0.56) EPS. The business’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities research analysts anticipate that SeaWorld Entertainment, Inc. will post $0.67 EPS for the current year.
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A number of analysts have issued reports on the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, May 10th. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. B. Riley reaffirmed a “market perform” rating and set a $15.00 price target on shares of SeaWorld Entertainment in a report on Thursday. FBR & Co downgraded SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.03.
In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $15.25 per share, with a total value of $298,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 54,500 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average cost of $15.54 per share, for a total transaction of $846,930.00. The disclosure for this purchase can be found here. Insiders acquired 3,540,475 shares of company stock worth $63,638,585 in the last three months. 3.40% of the stock is currently owned by corporate 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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