Russell Investments Group Ltd. cut its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS – Free Report) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 427,325 shares of the company’s stock after selling 77,559 shares during the period. Russell Investments Group Ltd.’s holdings in SeaWorld Entertainment were worth $23,899,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in shares of SeaWorld Entertainment during the 1st quarter worth about $68,000. Natixis acquired a new position in SeaWorld Entertainment during the fourth quarter worth approximately $76,000. Point72 Hong Kong Ltd bought a new stake in SeaWorld Entertainment in the second quarter valued at approximately $97,000. Covestor Ltd lifted its position in shares of SeaWorld Entertainment by 588.6% in the first quarter. Covestor Ltd now owns 1,632 shares of the company’s stock valued at $121,000 after buying an additional 1,395 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of SeaWorld Entertainment in the fourth quarter valued at approximately $153,000.
Analyst Upgrades and Downgrades
SEAS has been the topic of a number of recent analyst reports. Macquarie decreased their target price on SeaWorld Entertainment from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Morgan Stanley decreased their price objective on shares of SeaWorld Entertainment from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, November 9th. The Goldman Sachs Group cut their target price on shares of SeaWorld Entertainment from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Monday, July 24th. Truist Financial lifted their target price on shares of SeaWorld Entertainment from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Rosenblatt Securities reduced their price objective on SeaWorld Entertainment from $69.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.64.
SeaWorld Entertainment Price Performance
Shares of NYSE:SEAS opened at $50.10 on Tuesday. The company has a market capitalization of $3.20 billion, a P/E ratio of 13.29 and a beta of 1.89. SeaWorld Entertainment, Inc. has a 1 year low of $40.87 and a 1 year high of $68.19. The business’s 50 day simple moving average is $45.62 and its 200 day simple moving average is $51.17.
SeaWorld Entertainment (NYSE:SEAS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $1.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.92. SeaWorld Entertainment had a negative return on equity of 63.89% and a net margin of 14.07%. The business had revenue of $548.20 million for the quarter, compared to the consensus estimate of $546.89 million. During the same quarter in the prior year, the business posted $1.99 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that SeaWorld Entertainment, Inc. will post 3.83 EPS for the current fiscal year.
Insiders Place Their Bets
In other SeaWorld Entertainment news, CEO Marc Swanson sold 4,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.30, for a total transaction of $193,200.00. Following the completion of the sale, the chief executive officer now directly owns 148,537 shares in the company, valued at $7,174,337.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider George Anthony Taylor sold 44,873 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $48.81, for a total transaction of $2,190,251.13. Following the completion of the transaction, the insider now directly owns 85,902 shares of the company’s stock, valued at approximately $4,192,876.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc Swanson sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.30, for a total value of $193,200.00. Following the transaction, the chief executive officer now directly owns 148,537 shares of the company’s stock, valued at $7,174,337.10. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It 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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