First Trust Advisors LP raised its position in SeaWorld Entertainment Inc. (NYSE:SEAS) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,948 shares of the company’s stock after buying an additional 1,773 shares during the period. First Trust Advisors LP’s holdings in SeaWorld Entertainment were worth $400,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock worth $160,000 after buying an additional 1,027 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock worth $2,231,000 after buying an additional 3,227 shares during the last quarter. HRS Investment Holdings LLC increased its position in shares of SeaWorld Entertainment by 40.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock worth $737,000 after buying an additional 10,000 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of SeaWorld Entertainment during the second quarter worth about $6,691,000. Finally, Pitcairn Co. bought a new position in shares of SeaWorld Entertainment during the second quarter worth about $163,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
Shares of SeaWorld Entertainment Inc. (NYSE:SEAS) traded up 0.36% during trading on Friday, hitting $13.86. 172,775 shares of the stock traded hands. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 57.04 and a beta of 0.58. SeaWorld Entertainment Inc. has a 52-week low of $11.77 and a 52-week high of $21.85. The stock has a 50 day moving average of $13.27 and a 200 day moving average of $15.93.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The company had revenue of $371.10 million for the quarter, compared to analyst estimates of $377.19 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts expect that SeaWorld Entertainment Inc. will post $0.60 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 29th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 27th. This represents a $0.40 annualized dividend and a yield of 2.90%. SeaWorld Entertainment’s dividend payout ratio (DPR) is presently 181.83%.
A number of research analysts have issued reports on the stock. FBR & Co reduced their price objective on shares of SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Janney Montgomery Scott reissued a “neutral” rating and set a $14.50 price objective (down from $19.00) on shares of SeaWorld Entertainment in a research report on Monday, August 8th. KeyCorp reduced their price objective on shares of SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, August 8th. Wedbush reissued a “neutral” rating and set a $16.00 price objective (down from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Finally, Zacks Investment Research downgraded shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. SeaWorld Entertainment has a consensus rating of “Hold” and an average 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.