California Public Employees Retirement System boosted its stake in shares of SeaWorld Entertainment Inc. (NYSE:SEAS) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 195,600 shares of the company’s stock after buying an additional 100 shares during the period. California Public Employees Retirement System owned approximately 0.23% of SeaWorld Entertainment worth $2,803,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its position in SeaWorld Entertainment by 1,114.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,700,000 shares of the company’s stock valued at $24,361,000 after buying an additional 1,560,000 shares during the period. Bank of New York Mellon Corp boosted its position in SeaWorld Entertainment by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 985,138 shares of the company’s stock valued at $14,117,000 after buying an additional 82,154 shares during the period. Emerald Acquisition Ltd. acquired a new position in SeaWorld Entertainment during the second quarter valued at approximately $6,691,000. RMB Capital Management LLC boosted its position in SeaWorld Entertainment by 35.2% in the first quarter. RMB Capital Management LLC now owns 345,487 shares of the company’s stock valued at $7,276,000 after buying an additional 90,000 shares during the period. Finally, Scholtz & Company LLC acquired a new position in SeaWorld Entertainment during the first quarter valued at approximately $2,828,000. 96.74% of the stock is owned by institutional investors.
SeaWorld Entertainment Inc. (NYSE:SEAS) traded up 0.30% on Thursday, reaching $13.55. The company had a trading volume of 620,457 shares. SeaWorld Entertainment Inc. has a 12 month low of $11.77 and a 12 month high of $21.85. The company’s 50 day moving average price is $13.00 and its 200-day moving average price is $16.27. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 55.76 and a beta of 0.60.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $371.10 million for the quarter, compared to analysts’ expectations of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. SeaWorld Entertainment’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities analysts predict that SeaWorld Entertainment Inc. will post $0.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is 181.83%.
Several equities analysts recently issued reports on SEAS shares. Macquarie set a $13.00 price objective on SeaWorld Entertainment and gave the stock a “hold” rating in a research note on Tuesday, September 20th. Zacks Investment Research upgraded SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reduced their price objective on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Credit Suisse Group AG upgraded SeaWorld Entertainment from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $14.50 price objective (down from $19.00) on shares of SeaWorld Entertainment in a research note on Monday, August 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. SeaWorld Entertainment has a consensus rating of “Hold” and a consensus target price of $15.07.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
Want to see what other hedge funds are holding SEAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SeaWorld Entertainment Inc. (NYSE:SEAS).
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.