State of New Jersey Common Pension Fund D lowered its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 31.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,000 shares of the company’s stock after selling 130,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.34% of SeaWorld Entertainment worth $8,990,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in SeaWorld Entertainment by 58.2% during the 4th quarter. Deutsche Bank AG now owns 1,524,071 shares of the company’s stock valued at $33,665,000 after purchasing an additional 560,988 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SeaWorld Entertainment by 38.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,919 shares of the company’s stock worth $27,878,000 after acquiring an additional 352,071 shares in the last quarter. Emerald Advisers LLC grew its holdings in SeaWorld Entertainment by 11.5% during the 1st quarter. Emerald Advisers LLC now owns 1,176,259 shares of the company’s stock worth $30,300,000 after acquiring an additional 121,191 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in SeaWorld Entertainment by 0.4% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 1,101,147 shares of the company’s stock worth $28,366,000 after acquiring an additional 4,180 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in SeaWorld Entertainment by 17.3% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 1,064,216 shares of the company’s stock worth $27,414,000 after acquiring an additional 156,636 shares in the last quarter. 84.66% of the stock is owned by institutional investors.
Several research analysts have weighed in on the stock. KeyCorp set a $37.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, July 25th. Janney Montgomery Scott reissued a “buy” rating and set a $37.00 price objective on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. B. Riley set a $36.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Goldman Sachs Group raised shares of SeaWorld Entertainment from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $39.00 in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.56.
Shares of SeaWorld Entertainment stock traded down $0.15 during trading hours on Thursday, reaching $30.42. The company’s stock had a trading volume of 729,214 shares, compared to its average volume of 1,385,775. The business’s 50 day moving average price is $31.37. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 7.15. SeaWorld Entertainment Inc has a one year low of $21.00 and a one year high of $34.72. The stock has a market capitalization of $2.57 billion, a PE ratio of 29.82, a P/E/G ratio of 2.92 and a beta of 1.06.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company had revenue of $220.60 million for the quarter, compared to the consensus estimate of $215.91 million. During the same period last year, the firm posted ($0.73) EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that SeaWorld Entertainment Inc will post 1.5 EPS for the current year.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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