SeaWorld Entertainment Target of Unusually Large Options Trading (SEAS)
SeaWorld Entertainment, Inc. (NYSE:SEAS) saw some unusual options trading on Thursday. Stock investors acquired 141,838 put options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 put options.
A number of equities analysts recently commented on SEAS shares. TheStreet downgraded SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $12.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. FBR & Co downgraded SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a report on Thursday, August 3rd. Macquarie downgraded SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $15.00 in a report on Thursday, July 27th. Finally, Barclays PLC dropped their price objective on SeaWorld Entertainment from $17.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.45.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at $11.21 on Friday. The stock has a market capitalization of $1,015.05, a P/E ratio of 10.58 and a beta of 0.73. The company has a current ratio of 0.39, a quick ratio of 0.29 and a debt-to-equity ratio of 6.32. SeaWorld Entertainment has a 12-month low of $10.83 and a 12-month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. The firm had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. equities analysts forecast that SeaWorld Entertainment will post -2.08 EPS for the current fiscal year.
In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Lp bought 352,800 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The disclosure for this purchase can be found here. Insiders bought a total of 1,472,969 shares of company stock worth $19,324,419 in the last quarter. 3.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of SeaWorld Entertainment by 0.3% in the second quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after acquiring an additional 144 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of SeaWorld Entertainment by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after acquiring an additional 745 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of SeaWorld Entertainment by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after acquiring an additional 770 shares during the period. Legal & General Group Plc boosted its position in shares of SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock valued at $1,458,000 after acquiring an additional 1,352 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of SeaWorld Entertainment by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock valued at $3,015,000 after acquiring an additional 2,500 shares during the period. 90.45% of the stock is owned by institutional investors.
About SeaWorld Entertainment
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.
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