Bank of New York Mellon Corp Buys 84,129 Shares of SeaWorld Entertainment Inc (SEAS)
Bank of New York Mellon Corp grew its stake in SeaWorld Entertainment Inc (NYSE:SEAS) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 673,628 shares of the company’s stock after buying an additional 84,129 shares during the period. Bank of New York Mellon Corp owned 0.74% of SeaWorld Entertainment worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of SEAS. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter valued at about $214,000. OLD National Bancorp IN bought a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at about $316,000. First Trust Advisors LP boosted its position in shares of SeaWorld Entertainment by 51.0% during the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after purchasing an additional 8,483 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of SeaWorld Entertainment by 49.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock valued at $332,000 after purchasing an additional 8,435 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment in the third quarter worth approximately $332,000. 96.37% of the stock is owned by institutional investors.
SeaWorld Entertainment Inc (NYSE SEAS) opened at $13.64 on Wednesday. SeaWorld Entertainment Inc has a fifty-two week low of $10.42 and a fifty-two week high of $20.13. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 5.04. The firm has a market capitalization of $1,230.00, a P/E ratio of -6.01 and a beta of 0.74.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). SeaWorld Entertainment had a net margin of 12.57% and a return on equity of 81.95%. The company had revenue of $437.70 million during the quarter, compared to the consensus estimate of $453.58 million. During the same quarter in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. sell-side analysts forecast that SeaWorld Entertainment Inc will post -2.27 EPS for the current fiscal year.
Several research analysts have issued reports on SEAS shares. Zacks Investment Research lowered SeaWorld Entertainment from a “buy” rating to a “sell” rating in a report on Thursday, October 19th. KeyCorp started coverage on SeaWorld Entertainment in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a report on Friday, October 6th. FBR & Co reiterated a “hold” rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $12.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.73.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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