Quantitative Systematic Strategies LLC Purchases Shares of 21,897 SeaWorld Entertainment Inc. (SEAS)
Quantitative Systematic Strategies LLC purchased a new stake in shares of SeaWorld Entertainment Inc. (NYSE:SEAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,897 shares of the company’s stock, valued at approximately $312,000.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock valued at $160,000 after buying an additional 1,027 shares during the period. Teachers Advisors Inc. raised its position in shares of SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock valued at $2,231,000 after buying an additional 3,227 shares during the last quarter. HRS Investment Holdings LLC raised its position in shares of SeaWorld Entertainment by 40.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock valued at $737,000 after buying an additional 10,000 shares during the last quarter. Pitcairn Co. acquired a new position in shares of SeaWorld Entertainment during the second quarter valued at about $163,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of SeaWorld Entertainment during the first quarter valued at about $465,000. 96.73% of the stock is owned by institutional investors and hedge funds.
SeaWorld Entertainment Inc. (NYSE:SEAS) traded down 1.01% during trading on Friday, hitting $13.67. 1,206,481 shares of the company were exchanged. SeaWorld Entertainment Inc. has a 1-year low of $11.77 and a 1-year high of $21.85. The firm’s 50 day moving average price is $13.28 and its 200-day moving average price is $15.88. The stock has a market capitalization of $1.17 billion, a PE ratio of 56.26 and a beta of 0.58.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The company earned $371.10 million during the quarter, compared to analyst estimates of $377.19 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts predict that SeaWorld Entertainment Inc. will post $0.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is presently 181.83%.
SEAS has been the subject of several research reports. Dougherty & Co decreased their price target on shares of SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, September 2nd. Citigroup Inc. upgraded shares of SeaWorld Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.77 to $14.00 in a research note on Thursday, September 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th. Macquarie set a $13.00 price target on shares of SeaWorld Entertainment and gave the stock a “hold” rating in a research note on Tuesday, September 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of SeaWorld Entertainment in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.07.
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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