Nuveen Asset Management LLC Buys Shares of 349,119 SeaWorld Entertainment Inc (NYSE:SEAS)

Nuveen Asset Management LLC bought a new stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 349,119 shares of the company’s stock, valued at approximately $10,823,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SEAS. Eqis Capital Management Inc. increased its stake in shares of SeaWorld Entertainment by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 20,000 shares of the company’s stock worth $620,000 after purchasing an additional 908 shares during the period. Signaturefd LLC increased its stake in shares of SeaWorld Entertainment by 45.5% in the second quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock worth $99,000 after purchasing an additional 1,000 shares during the period. Signition LP increased its stake in shares of SeaWorld Entertainment by 1.9% in the second quarter. Signition LP now owns 55,025 shares of the company’s stock worth $1,706,000 after purchasing an additional 1,047 shares during the period. Acadian Asset Management LLC increased its stake in shares of SeaWorld Entertainment by 407.4% in the second quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock worth $41,000 after purchasing an additional 1,051 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of SeaWorld Entertainment by 8.2% in the second quarter. Wedge Capital Management L L P NC now owns 14,642 shares of the company’s stock worth $454,000 after purchasing an additional 1,114 shares during the period.

Shares of SEAS opened at $26.36 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of 25.84, a PEG ratio of 2.30 and a beta of 1.17. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.34 and a quick ratio of 0.25. SeaWorld Entertainment Inc has a one year low of $21.36 and a one year high of $34.72. The business’s 50 day simple moving average is $28.14 and its 200-day simple moving average is $28.64.

SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.52 by $0.12. The business had revenue of $406.00 million for the quarter, compared to the consensus estimate of $411.77 million. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. SeaWorld Entertainment’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that SeaWorld Entertainment Inc will post 1.61 EPS for the current fiscal year.

In other news, insider Marc Swanson sold 5,827 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $29.98, for a total value of $174,693.46. Following the transaction, the insider now directly owns 113,962 shares of the company’s stock, valued at approximately $3,416,580.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by insiders.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Bank of America set a $22.00 price target on SeaWorld Entertainment and gave the company a “sell” rating in a research note on Tuesday, September 17th. Goldman Sachs Group set a $37.00 price target on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, B. Riley set a $36.00 price target on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.51.

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

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