Marc Swanson Sells 4,000 Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) Stock

SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $55.73, for a total transaction of $222,920.00. Following the transaction, the chief executive officer now directly owns 165,064 shares of the company’s stock, valued at $9,199,016.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SeaWorld Entertainment Stock Down 1.4 %

NYSE SEAS opened at $57.30 on Friday. SeaWorld Entertainment, Inc. has a 52 week low of $40.01 and a 52 week high of $76.57. The company has a market capitalization of $3.66 billion, a P/E ratio of 13.55 and a beta of 2.00. The stock’s 50-day moving average price is $62.17 and its 200-day moving average price is $56.21.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $387.37 million. SeaWorld Entertainment had a net margin of 16.82% and a negative return on equity of 82.50%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. Research analysts anticipate that SeaWorld Entertainment, Inc. will post 5.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. JAT Capital Mgmt LP raised its holdings in SeaWorld Entertainment by 566.4% during the second quarter. JAT Capital Mgmt LP now owns 1,127,245 shares of the company’s stock valued at $49,802,000 after acquiring an additional 958,082 shares during the period. Invesco Ltd. raised its stake in SeaWorld Entertainment by 579.7% during the 1st quarter. Invesco Ltd. now owns 1,122,612 shares of the company’s stock valued at $83,566,000 after purchasing an additional 957,438 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in SeaWorld Entertainment by 3,606.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s stock worth $60,142,000 after purchasing an additional 786,122 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in SeaWorld Entertainment by 16.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,969,178 shares of the company’s stock worth $226,147,000 after purchasing an additional 715,217 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in SeaWorld Entertainment by 1,720.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 562,260 shares of the company’s stock worth $25,588,000 after purchasing an additional 531,373 shares during the period.

Wall Street Analysts Forecast Growth

SEAS has been the subject of a number of research reports. B. Riley boosted their target price on shares of SeaWorld Entertainment from $75.00 to $80.00 in a research note on Wednesday, March 1st. StockNews.com initiated coverage on SeaWorld Entertainment in a research report on Thursday. They set a “hold” rating for the company. Citigroup raised their target price on SeaWorld Entertainment from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, January 9th. 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. Finally, Truist Financial raised their price objective on shares of SeaWorld Entertainment from $60.00 to $72.00 in a 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.com, SeaWorld Entertainment presently has an average rating of “Moderate Buy” and an average target price of $74.14.

SeaWorld Entertainment Company Profile

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SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.