Simcoe Capital Management LLC lifted its position in SeaWorld Entertainment Inc (NYSE:SEAS) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,210,170 shares of the company’s stock after purchasing an additional 64,405 shares during the quarter. SeaWorld Entertainment comprises approximately 10.0% of Simcoe Capital Management LLC’s portfolio, making the stock its 4th largest holding. Simcoe Capital Management LLC owned approximately 1.54% of SeaWorld Entertainment worth $37,515,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEAS. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of SeaWorld Entertainment during the second quarter valued at about $65,220,000. Dimensional Fund Advisors LP grew its stake in shares of SeaWorld Entertainment by 38.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,919 shares of the company’s stock valued at $27,878,000 after buying an additional 352,071 shares during the last quarter. Castleark Management LLC bought a new position in shares of SeaWorld Entertainment during the second quarter valued at about $10,072,000. Cannell Peter B & Co. Inc. boosted its holdings in shares of SeaWorld Entertainment by 30.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,385,090 shares of the company’s stock worth $42,938,000 after purchasing an additional 321,740 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of SeaWorld Entertainment during the second quarter worth about $9,107,000.
Shares of SeaWorld Entertainment stock traded down $0.78 during trading on Wednesday, reaching $27.74. 1,971,779 shares of the stock were exchanged, compared to its average volume of 1,406,792. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 12.28. The stock’s fifty day moving average is $30.28 and its 200 day moving average is $28.53. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. SeaWorld Entertainment Inc has a 1 year low of $21.36 and a 1 year high of $34.72.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. SeaWorld Entertainment had a net margin of 7.24% and a return on equity of 45.30%. The company had revenue of $406.00 million during the quarter, compared to analyst estimates of $411.77 million. During the same period in the prior year, the business posted $0.29 earnings per share. SeaWorld Entertainment’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast that SeaWorld Entertainment Inc will post 1.61 earnings per share for the current year.
In other SeaWorld Entertainment news, insider Marc Swanson sold 5,827 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $29.98, for a total value of $174,693.46. Following the completion of the sale, the insider now directly owns 113,962 shares in the company, valued at $3,416,580.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.
A number of research firms have recently weighed in on SEAS. TheStreet upgraded shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a report on Tuesday, August 6th. B. Riley set a $36.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday, July 8th. ValuEngine lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Zacks Investment Research upgraded shares of 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. Finally, Goldman Sachs Group upgraded shares of SeaWorld Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $39.00 in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. SeaWorld Entertainment has an average rating of “Buy” and a consensus 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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