Morgan Stanley decreased its stake in SeaWorld Entertainment, Inc. (NYSE:SEAS) by 24.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,455 shares of the company’s stock after selling 91,483 shares during the period. Morgan Stanley owned about 0.34% of SeaWorld Entertainment worth $5,288,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SEAS. Dimensional Fund Advisors LP raised its position in shares of SeaWorld Entertainment by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,795,818 shares of the company’s stock worth $51,080,000 after buying an additional 249,412 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SeaWorld Entertainment by 3.4% in the first quarter. Geode Capital Management LLC now owns 490,640 shares of the company’s stock worth $8,963,000 after buying an additional 16,168 shares during the last quarter. Vanguard Group Inc. raised its position in shares of SeaWorld Entertainment by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,355,730 shares of the company’s stock worth $97,849,000 after buying an additional 88,648 shares during the last quarter. Walthausen & Co. LLC raised its position in shares of SeaWorld Entertainment by 3.0% in the first quarter. Walthausen & Co. LLC now owns 1,025,101 shares of the company’s stock worth $18,729,000 after buying an additional 30,100 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after buying an additional 1,352 shares during the last quarter.
Shares of SeaWorld Entertainment, Inc. (NYSE SEAS) opened at 13.45 on Friday. SeaWorld Entertainment, Inc. has a one year low of $11.10 and a one year high of $20.13. The stock’s market capitalization is $1.16 billion. The company’s 50-day moving average is $14.47 and its 200-day moving average is $16.92.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.77. The company had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. SeaWorld Entertainment’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, equities research analysts anticipate that SeaWorld Entertainment, Inc. will post ($1.35) earnings per share for the current year.
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SEAS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Janney Montgomery Scott restated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. FBR & Co upped their price target on shares of SeaWorld Entertainment from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Barclays PLC reiterated an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of SeaWorld Entertainment in a research note on Monday, May 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and an average price target of $16.58.
In other news, CFO Peter J. Crage sold 3,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.20, for a total transaction of $54,600.00. Following the transaction, the chief financial officer now directly owns 275,435 shares of the company’s stock, valued at approximately $5,012,917. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Hill Path Holdings Llc purchased 256,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were bought at an average cost of $18.22 per share, for a total transaction of $4,664,320.00. The disclosure for this purchase can be found here. Insiders acquired a total of 3,375,050 shares of company stock worth $58,447,539 over the last three months. 3.40% of the stock is currently owned by corporate insiders.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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