Verition Fund Management LLC Has $489,000 Holdings in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Verition Fund Management LLC increased its holdings in SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,752 shares of the company’s stock after purchasing an additional 658 shares during the quarter. Verition Fund Management LLC’s holdings in SeaWorld Entertainment were worth $489,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of SeaWorld Entertainment by 207.7% in the third quarter. Signaturefd LLC now owns 563 shares of the company’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. First Personal Financial Services bought a new stake in SeaWorld Entertainment during the third quarter valued at $35,000. Lazard Asset Management LLC boosted its position in SeaWorld Entertainment by 133.5% during the second quarter. Lazard Asset Management LLC now owns 1,240 shares of the company’s stock valued at $54,000 after acquiring an additional 709 shares during the last quarter. US Bancorp DE boosted its position in SeaWorld Entertainment by 83.3% during the second quarter. US Bancorp DE now owns 1,547 shares of the company’s stock valued at $69,000 after acquiring an additional 703 shares during the last quarter. Finally, Covestor Ltd boosted its position in SeaWorld Entertainment by 588.6% during the first quarter. Covestor Ltd now owns 1,632 shares of the company’s stock valued at $121,000 after acquiring an additional 1,395 shares during the last quarter.

SeaWorld Entertainment Price Performance

SEAS opened at $66.40 on Tuesday. SeaWorld Entertainment, Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $76.57. The firm has a market capitalization of $4.24 billion, a PE ratio of 15.62 and a beta of 2.00. The company’s 50-day moving average is $61.26 and its 200 day moving average is $55.92.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. SeaWorld Entertainment had a net margin of 16.82% and a negative return on equity of 82.50%. The company had revenue of $390.50 million for the quarter, compared to analyst estimates of $387.37 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, analysts expect that SeaWorld Entertainment, Inc. will post 4.97 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Credit Suisse Group upped their price target on shares of SeaWorld Entertainment from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Citigroup upped their price target on shares of SeaWorld Entertainment from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of SeaWorld Entertainment from $76.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial increased their price objective on shares of SeaWorld Entertainment from $60.00 to $72.00 in a research report on Wednesday, March 1st. Finally, B. Riley increased their price objective on shares of SeaWorld Entertainment from $75.00 to $80.00 in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.14.

Insider Buying and Selling

In related news, insider James W. Forrester, Jr. sold 2,615 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $67.21, for a total value of $175,754.15. Following the sale, the insider now owns 5,730 shares in the company, valued at approximately $385,113.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other SeaWorld Entertainment news, insider Kyle Robert Miller sold 15,119 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $66.00, for a total value of $997,854.00. Following the completion of the sale, the insider now owns 19,517 shares in the company, valued at approximately $1,288,122. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James W. Forrester, Jr. sold 2,615 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $67.21, for a total transaction of $175,754.15. Following the completion of the sale, the insider now owns 5,730 shares of the company’s stock, valued at approximately $385,113.30. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

About SeaWorld Entertainment

(Get Rating)

SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.