Swiss National Bank reduced its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,100 shares of the company’s stock after selling 5,900 shares during the quarter. Swiss National Bank owned about 0.17% of SeaWorld Entertainment worth $5,677,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in SEAS. 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 in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of SeaWorld Entertainment in the second quarter worth $97,000. Counterpoint Mutual Funds LLC bought a new position in shares of SeaWorld Entertainment in the fourth quarter worth $106,000. Great West Life Assurance Co. Can bought a new position in shares of SeaWorld Entertainment in the third quarter worth $117,000. Finally, Covestor Ltd grew its stake in shares of SeaWorld Entertainment by 588.6% in the first quarter. Covestor Ltd now owns 1,632 shares of the company’s stock worth $121,000 after purchasing an additional 1,395 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on SEAS shares. Deutsche Bank Aktiengesellschaft raised their target price on SeaWorld Entertainment from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 6th. B. Riley raised their target price on SeaWorld Entertainment from $75.00 to $80.00 in a research note on Wednesday, March 1st. StockNews.com started coverage on SeaWorld Entertainment in a research note on Thursday. They set a “hold” rating for the company. Truist Financial raised their target price on SeaWorld Entertainment from $60.00 to $72.00 in a research note on Wednesday, March 1st. Finally, Citigroup upped their target price on SeaWorld Entertainment from $58.00 to $60.00 in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, SeaWorld Entertainment has a consensus rating of “Moderate Buy” and an average price target of $73.63.
SeaWorld Entertainment Trading Up 1.8 %
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.07). SeaWorld Entertainment had a negative return on equity of 66.21% and a net margin of 16.18%. The firm had revenue of $293.40 million during the quarter, compared to analyst estimates of $281.40 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts forecast that SeaWorld Entertainment, Inc. will post 5.06 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Marc Swanson sold 4,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $55.73, for a total transaction of $222,920.00. Following the transaction, the chief executive officer now owns 165,064 shares of the company’s stock, valued at approximately $9,199,016.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other SeaWorld Entertainment news, insider George Anthony Taylor sold 32,176 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $58.09, for a total value of $1,869,103.84. Following the sale, the insider now owns 109,984 shares of the company’s stock, valued at approximately $6,388,970.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Swanson sold 4,000 shares of the firm’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 value of $222,920.00. Following the completion of the sale, the chief executive officer now directly owns 165,064 shares in the company, valued at approximately $9,199,016.72. The disclosure for this sale can be found here. Insiders have sold a total of 48,980 shares of company stock valued at $2,851,616 in the last three months. Insiders own 1.00% of the company’s stock.
SeaWorld Entertainment Company Profile
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.
- Get a free copy of the StockNews.com research report on SeaWorld Entertainment (SEAS)
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