SeaWorld Entertainment Inc. (SEAS) Stake Increased by Olstein Capital Management L.P.
Olstein Capital Management L.P. boosted its stake in SeaWorld Entertainment Inc. (NYSE:SEAS) by 41.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 544,495 shares of the company’s stock after buying an additional 160,640 shares during the period. Olstein Capital Management L.P.’s holdings in SeaWorld Entertainment were worth $7,340,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. purchased a new position in SeaWorld Entertainment during the first quarter valued at about $440,000. JPMorgan Chase & Co. increased its position in SeaWorld Entertainment by 14,928.6% in the first quarter. JPMorgan Chase & Co. now owns 76,796 shares of the company’s stock worth $1,617,000 after buying an additional 76,285 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in SeaWorld Entertainment during the first quarter worth approximately $465,000. BNP Paribas Arbitrage SA increased its position in SeaWorld Entertainment by 20.2% in the second quarter. BNP Paribas Arbitrage SA now owns 53,354 shares of the company’s stock worth $765,000 after buying an additional 8,948 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in SeaWorld Entertainment during the second quarter worth approximately $144,000. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
SeaWorld Entertainment Inc. (NYSE:SEAS) traded down 1.22% during trading on Tuesday, reaching $17.02. The company had a trading volume of 857,978 shares. SeaWorld Entertainment Inc. has a 52-week low of $11.77 and a 52-week high of $21.85. The firm’s market capitalization is $1.45 billion. The company has a 50-day moving average of $15.19 and a 200-day moving average of $14.75.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 8th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.29. The company had revenue of $485.30 million for the quarter, compared to the consensus estimate of $411.29 million. SeaWorld Entertainment had a negative net margin of 0.87% and a positive return on equity of 6.17%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Analysts expect that SeaWorld Entertainment Inc. will post $0.42 EPS for the current fiscal year.
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A number of research firms recently issued reports on SEAS. FBR & Co dropped their price target on SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Janney Montgomery Scott restated a “neutral” rating and set a $14.50 price target (down previously from $19.00) on shares of SeaWorld Entertainment in a research note on Monday, August 8th. KeyCorp dropped their price target on SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 8th. Zacks Investment Research downgraded SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. Finally, Citigroup Inc. decreased their price objective on SeaWorld Entertainment from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. SeaWorld Entertainment has an average rating of “Hold” and a consensus target price of $15.46.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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