State Board of Administration of Florida Retirement System lowered its stake in shares of SeaWorld Entertainment Inc. (NYSE:SEAS) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,618 shares of the company’s stock after selling 1,649 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of SeaWorld Entertainment worth $697,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in SEAS. State of New Jersey Common Pension Fund D increased its stake in shares of 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 last quarter. Emerald Acquisition Ltd. purchased a new position in shares of SeaWorld Entertainment during the second quarter valued at approximately $6,691,000. Scholtz & Company LLC purchased a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $2,828,000. RMB Capital Management LLC boosted its position in shares of 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, Quadrature Capital Ltd purchased a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $1,855,000. Institutional investors own 96.74% of the company’s stock.
Shares of SeaWorld Entertainment Inc. (NYSE:SEAS) traded down 0.44% during mid-day trading on Friday, reaching $13.48. The company had a trading volume of 995,781 shares. SeaWorld Entertainment Inc. has a 52-week low of $11.77 and a 52-week high of $21.85. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 55.47 and a beta of 0.60. The firm’s 50-day moving average price is $13.02 and its 200 day moving average price is $16.23.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The firm 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 firm posted $0.22 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that SeaWorld Entertainment Inc. will post $0.60 EPS for the current year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is 181.83%.
Several brokerages recently commented on SEAS. JPMorgan Chase & Co. reduced their target price on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. FBR & Co reduced their target price on SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Bank of America Corp. reaffirmed a “sell” rating and issued a $16.00 target price on shares of SeaWorld Entertainment in a research report on Wednesday, September 21st. Macquarie set a $13.00 target price on SeaWorld Entertainment and gave the stock a “hold” rating in a research report on Tuesday, September 20th. Finally, Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company 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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