Pitcairn Co. purchased a new position in SeaWorld Entertainment Inc. (NYSE:SEAS) during the second quarter, Holdings Channel reports. The institutional investor purchased 11,368 shares of the company’s stock, valued at approximately $163,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. bought a new position in shares of SeaWorld Entertainment during the second quarter worth approximately $218,000. Nordea Investment Management AB boosted its position in shares of SeaWorld Entertainment by 120.3% in the second quarter. Nordea Investment Management AB now owns 120,700 shares of the company’s stock worth $1,730,000 after buying an additional 65,900 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of SeaWorld Entertainment during the second quarter worth approximately $144,000. BNP Paribas Arbitrage SA boosted its position in shares of SeaWorld Entertainment by 20.2% in the second quarter. BNP Paribas Arbitrage SA now owns 53,354 shares of the company’s stock worth $765,000 after buying an additional 8,948 shares in the last quarter. Finally, Scholtz & Company LLC bought a new position in shares of SeaWorld Entertainment during the first quarter worth approximately $2,828,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.
SeaWorld Entertainment Inc. (NYSE:SEAS) traded down 0.44% on Friday, reaching $13.48. The company had a trading volume of 995,781 shares. The company’s 50-day moving average price is $13.02 and its 200 day moving average price is $16.23. The firm has a market capitalization of $1.15 billion, a P/E ratio of 55.47 and a beta of 0.60. SeaWorld Entertainment Inc. has a 1-year low of $11.77 and a 1-year high of $21.85.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The company had revenue of $371.10 million for the quarter, compared to analyst estimates of $377.19 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts forecast that SeaWorld Entertainment Inc. will post $0.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s payout ratio is 181.83%.
A number of equities research analysts have commented on SEAS shares. Macquarie set a $13.00 price target on SeaWorld Entertainment and gave the company a “hold” rating in a report on Tuesday, September 20th. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. decreased their price target on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Credit Suisse Group AG raised SeaWorld Entertainment from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $12.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott reissued a “neutral” rating and set a $14.50 price target (down from $19.00) on shares of SeaWorld Entertainment in a report on Monday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.07.
SeaWorld Entertainment Company Profile
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.
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