Q Global Advisors LLC purchased a new stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,550,000. SeaWorld Entertainment makes up 1.6% of Q Global Advisors LLC’s holdings, making the stock its 8th biggest holding.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in SeaWorld Entertainment by 407.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock valued at $41,000 after buying an additional 1,051 shares in the last quarter. Signaturefd LLC purchased a new position in shares of SeaWorld Entertainment in the 1st quarter worth approximately $57,000. Advisors Preferred LLC purchased a new position in shares of SeaWorld Entertainment in the 2nd quarter worth approximately $68,000. Resources Investment Advisors LLC. purchased a new position in shares of SeaWorld Entertainment in the 2nd quarter worth approximately $71,000. Finally, SG Americas Securities LLC purchased a new position in shares of SeaWorld Entertainment in the 1st quarter worth approximately $119,000.
In related news, insider Marc Swanson sold 5,827 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $29.98, for a total transaction of $174,693.46. Following the completion of the transaction, the insider now owns 113,962 shares in the company, valued at approximately $3,416,580.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by insiders.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.12. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The company had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $411.77 million. During the same quarter in the previous year, the business earned $0.29 EPS. SeaWorld Entertainment’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that SeaWorld Entertainment Inc will post 1.61 EPS for the current fiscal year.
SEAS has been the subject of a number of recent research reports. Zacks Investment Research upgraded SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Saturday, August 10th. B. Riley set a $36.00 target price on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday, July 8th. TheStreet upgraded SeaWorld Entertainment from a “c” rating to a “b-” rating in a report on Tuesday, August 6th. ValuEngine cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Goldman Sachs Group upgraded SeaWorld Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $39.00 in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.47.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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