Assenagon Asset Management S.A. Has $828,000 Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Assenagon Asset Management S.A. lowered its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) by 74.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,202 shares of the company’s stock after selling 54,174 shares during the period. Assenagon Asset Management S.A.’s holdings in SeaWorld Entertainment were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SEAS. JAT Capital Mgmt LP lifted its stake in shares of SeaWorld Entertainment by 566.4% in the 2nd quarter. JAT Capital Mgmt LP now owns 1,127,245 shares of the company’s stock valued at $49,802,000 after purchasing an additional 958,082 shares during the last quarter. Invesco Ltd. raised its position in shares of SeaWorld Entertainment by 579.7% during the first quarter. Invesco Ltd. now owns 1,122,612 shares of the company’s stock valued at $83,566,000 after buying an additional 957,438 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of SeaWorld Entertainment by 3,606.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s stock valued at $60,142,000 after buying an additional 786,122 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of SeaWorld Entertainment by 19,050.6% during the second quarter. Wedge Capital Management L L P NC now owns 603,052 shares of the company’s stock valued at $26,643,000 after buying an additional 599,903 shares during the last quarter. Finally, Simcoe Capital Management LLC raised its position in shares of SeaWorld Entertainment by 72.6% during the second quarter. Simcoe Capital Management LLC now owns 662,865 shares of the company’s stock valued at $29,285,000 after buying an additional 278,719 shares during the last quarter.

SeaWorld Entertainment Trading Up 2.3 %

Shares of SeaWorld Entertainment stock opened at $58.34 on Monday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.23 and a beta of 2.00. SeaWorld Entertainment, Inc. has a 1-year low of $40.01 and a 1-year high of $76.57. The firm’s 50-day moving average price is $54.85 and its two-hundred day moving average price is $51.96.

SeaWorld Entertainment (NYSE:SEASGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.20). The firm had revenue of $565.21 million for the quarter, compared to the consensus estimate of $578.63 million. SeaWorld Entertainment had a negative return on equity of 124.48% and a net margin of 18.33%. As a group, equities research analysts predict that SeaWorld Entertainment, Inc. will post 4.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SEAS. Deutsche Bank Aktiengesellschaft cut their price objective on shares of SeaWorld Entertainment from $77.00 to $76.00 in a research report on Wednesday, November 2nd. Citigroup upped their target price on shares of SeaWorld Entertainment from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, January 9th. B. Riley lowered their target price on shares of SeaWorld Entertainment from $79.00 to $75.00 in a research note on Thursday, November 10th. Credit Suisse Group lowered their target price on shares of SeaWorld Entertainment from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Finally, Truist Financial lowered their target price on shares of SeaWorld Entertainment from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

SeaWorld Entertainment Company Profile

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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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