Russell Investments Group Ltd. Raises Stock Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Russell Investments Group Ltd. lifted its stake in shares of SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 811,034 shares of the company’s stock after acquiring an additional 185,875 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.20% of SeaWorld Entertainment worth $37,428,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SEAS. WINTON GROUP Ltd increased its holdings in SeaWorld Entertainment by 0.9% during the second quarter. WINTON GROUP Ltd now owns 21,386 shares of the company’s stock valued at $945,000 after buying an additional 194 shares during the period. Handelsbanken Fonder AB grew its holdings in SeaWorld Entertainment by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 10,800 shares of the company’s stock worth $492,000 after purchasing an additional 200 shares during the last quarter. First Hawaiian Bank grew its holdings in SeaWorld Entertainment by 4.5% in the third quarter. First Hawaiian Bank now owns 7,464 shares of the company’s stock worth $340,000 after purchasing an additional 320 shares during the last quarter. US Bancorp DE grew its holdings in SeaWorld Entertainment by 83.3% in the second quarter. US Bancorp DE now owns 1,547 shares of the company’s stock worth $69,000 after purchasing an additional 703 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in SeaWorld Entertainment by 133.5% in the second quarter. Lazard Asset Management LLC now owns 1,240 shares of the company’s stock worth $54,000 after purchasing an additional 709 shares during the last quarter.

SeaWorld Entertainment Stock Down 1.3 %

SeaWorld Entertainment stock opened at $60.78 on Wednesday. The business’s 50-day moving average price is $55.29 and its 200 day moving average price is $52.61. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 13.78 and a beta of 2.00. SeaWorld Entertainment, Inc. has a 52 week low of $40.01 and a 52 week high of $76.57.

SeaWorld Entertainment (NYSE:SEASGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.20). SeaWorld Entertainment had a negative return on equity of 124.48% and a net margin of 18.33%. The firm had revenue of $565.21 million for the quarter, compared to analyst estimates of $578.63 million. Equities analysts expect that SeaWorld Entertainment, Inc. will post 4.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SEAS shares. StockNews.com lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Credit Suisse Group cut their price target on shares of SeaWorld Entertainment from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, November 10th. B. Riley lowered their price objective on shares of SeaWorld Entertainment from $79.00 to $75.00 in a research note on Thursday, November 10th. Deutsche Bank Aktiengesellschaft reduced their target price on SeaWorld Entertainment from $77.00 to $76.00 in a research note on Wednesday, November 2nd. Finally, Truist Financial dropped their price target on SeaWorld Entertainment from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, SeaWorld Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

SeaWorld Entertainment Company Profile

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SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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