SeaWorld Entertainment, Inc. (NYSE:SEAS) released its quarterly earnings results on Tuesday. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.77, MarketWatch Earnings reports. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The business had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year.

Shares of SeaWorld Entertainment (SEAS) traded down 7.94% during mid-day trading on Tuesday, reaching $12.53. 10,051,098 shares of the company traded hands. The firm has a 50 day moving average of $15.42 and a 200-day moving average of $17.38. The stock has a market capitalization of $1.07 billion, a PE ratio of 110.88 and a beta of 0.73. SeaWorld Entertainment has a 52 week low of $11.10 and a 52 week high of $20.13.

In other news, major shareholder Hill Path Capital Partners Lp bought 200,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average price of $18.81 per share, for a total transaction of $3,777,048.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $15.25 per share, for a total transaction of $298,900.00. The disclosure for this purchase can be found here. Insiders acquired 3,540,475 shares of company stock valued at $63,638,585 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Hill Path Capital LP raised its stake in shares of SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after buying an additional 7,616,675 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of SeaWorld Entertainment by 2,126.8% in the second quarter. BNP Paribas Arbitrage SA now owns 41,708 shares of the company’s stock worth $679,000 after buying an additional 39,835 shares in the last quarter. Legal & General Group Plc raised its stake in shares of 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 buying an additional 1,656 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 12,371 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its stake in shares of SeaWorld Entertainment by 24.5% in the second quarter. Olstein Capital Management L.P. now owns 766,940 shares of the company’s stock worth $12,478,000 after buying an additional 151,090 shares in the last quarter.

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A number of equities research analysts have recently issued reports on SEAS shares. Zacks Investment Research cut shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. FBR & Co reiterated a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, April 10th. Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a report on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, May 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. SeaWorld Entertainment presently has a consensus rating of “Hold” and a consensus target price of $17.23.

SeaWorld Entertainment Company Profile

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.

Earnings History for SeaWorld Entertainment (NYSE:SEAS)

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