Investors Buy High Volume of Put Options on SeaWorld Entertainment (SEAS)

SeaWorld Entertainment Inc (NYSE:SEAS) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 18,135 put options on the stock. This represents an increase of approximately 1,799% compared to the typical volume of 955 put options.

A number of hedge funds have recently bought and sold shares of SEAS. Schwab Charles Investment Management Inc. lifted its holdings in SeaWorld Entertainment by 6.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 613,150 shares of the company’s stock worth $9,976,000 after purchasing an additional 39,421 shares during the period. Rhumbline Advisers lifted its holdings in SeaWorld Entertainment by 3.4% in the second quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock worth $1,272,000 after purchasing an additional 2,541 shares during the period. Bank of New York Mellon Corp lifted its holdings in SeaWorld Entertainment by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock worth $9,591,000 after purchasing an additional 12,371 shares during the period. Legal & General Group Plc lifted its holdings in SeaWorld Entertainment by 2.1% in the second quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock worth $1,323,000 after purchasing an additional 1,656 shares during the period. Finally, AXA lifted its holdings in SeaWorld Entertainment by 6.0% in the second quarter. AXA now owns 170,600 shares of the company’s stock worth $2,776,000 after purchasing an additional 9,700 shares during the period. 96.37% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on SEAS. B. Riley reiterated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Goldman Sachs Group restated a “neutral” rating and set a $12.00 price target on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of SeaWorld Entertainment in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.73.

Shares of SeaWorld Entertainment (NYSE:SEAS) opened at $13.96 on Friday. The firm has a market cap of $1,260.00, a PE ratio of -6.15 and a beta of 0.73. SeaWorld Entertainment has a 1-year low of $10.42 and a 1-year high of $20.13. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.45.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.14). The company had revenue of $437.70 million during the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. analysts forecast that SeaWorld Entertainment will post -2.27 EPS for the current fiscal year.

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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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