Point72 Asset Management L.P. Sells 375,604 Shares of SeaWorld Entertainment Inc (NYSE:SEAS)

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Point72 Asset Management L.P. decreased its position in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,381,016 shares of the company’s stock after selling 375,604 shares during the period. Point72 Asset Management L.P. owned approximately 1.76% of SeaWorld Entertainment worth $42,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SEAS. Acadian Asset Management LLC boosted its stake in SeaWorld Entertainment by 407.4% in the second 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 stake in SeaWorld Entertainment during the first quarter worth $57,000. Advisors Preferred LLC purchased a new stake in SeaWorld Entertainment during the second quarter worth $68,000. Resources Investment Advisors LLC. purchased a new stake in SeaWorld Entertainment during the second quarter worth $71,000. Finally, SG Americas Securities LLC purchased a new stake in SeaWorld Entertainment during the first quarter worth $119,000.

A number of brokerages have recently issued reports on SEAS. Bank of America set a $22.00 price target on SeaWorld Entertainment and gave the stock a “sell” rating in a research report on Tuesday. 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. Goldman Sachs Group upgraded shares of SeaWorld Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $39.00 in a report on Friday, June 21st. ValuEngine cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, TheStreet upgraded shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.51.

In other 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 transaction, the insider now directly owns 113,962 shares in the company, valued at approximately $3,416,580.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

Shares of SEAS stock traded down $0.69 on Friday, reaching $27.01. The stock had a trading volume of 1,368,890 shares, compared to its average volume of 1,609,639. The stock has a market cap of $2.18 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 2.46 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. The company has a debt-to-equity ratio of 12.28, a quick ratio of 0.25 and a current ratio of 0.34. The company has a 50 day simple moving average of $30.11 and a 200 day simple moving average of $28.54.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $406.00 million for the quarter, compared to the consensus estimate of $411.77 million. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that SeaWorld Entertainment Inc will post 1.61 earnings per share for the current fiscal year.

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

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