Insider Selling: Seaworld Entertainment Insider Unloads 2,339 Shares of Stock (SEAS)
Seaworld Entertainment (NASDAQ:SEAS) Insider George Anthony Taylor unloaded 2,339 shares of Seaworld Entertainment stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $30.36, for a total transaction of $71,012.04. Following the transaction, the insider now directly owns 76,538 shares in the company, valued at approximately $2,323,694. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Seaworld Entertainment (NASDAQ:SEAS) traded down 2.30% on Tuesday, hitting $28.92. 2,676,584 shares of the company’s stock traded hands. Seaworld Entertainment has a 52-week low of $27.48 and a 52-week high of $39.19. The stock has a 50-day moving average of $30.45 and a 200-day moving average of $31.04. The company has a market cap of $2.557 billion and a P/E ratio of 64.21.
Seaworld Entertainment (NASDAQ:SEAS) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.47) by $0.09. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $217.51 million. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Analysts expect that Seaworld Entertainment will post $1.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 20th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Seaworld Entertainment’s previous quarterly dividend of $0.20.
Several analysts have recently commented on the stock. Analysts at Longbow Research initiated coverage on shares of Seaworld Entertainment in a research note on Thursday, June 5th. They set a “neutral” rating on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Seaworld Entertainment in a research note on Friday, May 16th. They now have a $40.00 price target on the stock, down previously from $41.00. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Seaworld Entertainment has a consensus rating of “Buy” and a consensus target price of $38.67.
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world.
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