SeaWorld Entertainment Inc. (SEAS) Plans $0.10 Quarterly Dividend
SeaWorld Entertainment Inc. (NYSE:SEAS) announced a quarterly dividend on Tuesday, September 20th. Stockholders of record on Thursday, September 29th will be paid a dividend of 0.10 per share on Friday, October 7th. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, September 27th.
A number of hedge funds and other institutional investors have recently modified their holdings of SEAS. Lord Abbett & CO. LLC increased its position in shares of SeaWorld Entertainment by 6.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,232,983 shares of the company’s stock worth $31,999,000 after buying an additional 135,402 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in SeaWorld Entertainment during the second quarter worth approximately $1,298,000. Investment Management of Virginia LLC purchased a new position in SeaWorld Entertainment during the second quarter worth approximately $777,000. HighTower Advisors LLC purchased a new position in SeaWorld Entertainment during the second quarter worth approximately $551,000. Finally, Pacad Investment Ltd. purchased a new position in SeaWorld Entertainment during the second quarter worth approximately $550,000. 96.76% of the stock is owned by hedge funds and other institutional investors.
SeaWorld Entertainment (NYSE:SEAS) traded down 4.49% during mid-day trading on Tuesday, hitting $12.12. The company had a trading volume of 5,583,508 shares. The firm has a market cap of $1.03 billion, a P/E ratio of 49.88 and a beta of 0.60. SeaWorld Entertainment has a 52-week low of $11.77 and a 52-week high of $21.85. The stock’s 50 day moving average price is $13.13 and its 200 day moving average price is $16.50.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The firm earned $371.10 million during the quarter, compared to the consensus estimate of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. SeaWorld Entertainment’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. On average, equities research analysts predict that SeaWorld Entertainment will post $0.62 EPS for the current fiscal year.
SEAS has been the topic of several research analyst reports. Credit Suisse Group AG lowered SeaWorld Entertainment from an “outperform” rating to an “underperform” rating and set a $15.00 target price on the stock. in a research report on Thursday, May 26th. FBR & Co reissued a “buy” rating on shares of SeaWorld Entertainment in a research report on Thursday, May 26th. Wedbush reaffirmed a “neutral” rating and set a $16.00 price target (down previously from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Macquarie lowered SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $12.58 to $12.88 in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.28.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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