Short Interest in SeaWorld Entertainment, Inc. (NYSE:SEAS) Expands By 13.5%


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SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totalling 8,570,000 shares, an increase of 13.5% from the October 15th total of 7,550,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately 11.2% of the company’s shares are sold short.

Shares of SEAS traded down $0.02 during midday trading on Friday, hitting $26.61. The company had a trading volume of 608,573 shares, compared to its average volume of 1,966,027. SeaWorld Entertainment has a 1 year low of $6.75 and a 1 year high of $36.96. The firm has a market capitalization of $2.09 billion, a P/E ratio of -18.10 and a beta of 2.33. The company has a debt-to-equity ratio of 220.00, a quick ratio of 1.15 and a current ratio of 1.25. The company’s 50-day simple moving average is $23.24 and its 200-day simple moving average is $18.94.

SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Thursday, November 5th. The company reported ($1.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.83) by ($0.18). SeaWorld Entertainment had a negative net margin of 12.05% and a negative return on equity of 54.88%. The firm had revenue of $106.10 million during the quarter, compared to analyst estimates of $99.08 million. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was down 77.6% compared to the same quarter last year. Equities analysts predict that SeaWorld Entertainment will post -4.24 earnings per share for the current fiscal year.

SEAS has been the subject of several analyst reports. TheStreet cut shares of SeaWorld Entertainment from a “c-” rating to a “d+” rating in a research note on Tuesday, August 11th. B. Riley upped their price objective on shares of SeaWorld Entertainment from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp raised their target price on SeaWorld Entertainment from $21.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. CSFB raised SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $13.00 to $30.00 in a report on Tuesday, October 6th. Finally, Zacks Investment Research downgraded SeaWorld Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.09.

In other news, insider Christopher Dold sold 13,654 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $20.65, for a total transaction of $281,955.10. Following the transaction, the insider now owns 130,530 shares of the company’s stock, valued at approximately $2,695,444.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider George Anthony Taylor sold 26,000 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $24.00, for a total value of $624,000.00. Following the transaction, the insider now owns 266,508 shares in the company, valued at approximately $6,396,192. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,083 shares of company stock worth $1,275,130. Corporate insiders own 0.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in SeaWorld Entertainment by 9.1% during the third quarter. BlackRock Inc. now owns 3,640,022 shares of the company’s stock worth $71,780,000 after purchasing an additional 303,078 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of SeaWorld Entertainment during the 3rd quarter worth $38,614,000. Pinnacle Associates Ltd. grew its stake in shares of SeaWorld Entertainment by 23.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,227,974 shares of the company’s stock worth $24,216,000 after purchasing an additional 236,207 shares during the period. Russell Investments Group Ltd. grew its position in SeaWorld Entertainment by 74.0% during the second quarter. Russell Investments Group Ltd. now owns 1,053,798 shares of the company’s stock worth $15,587,000 after buying an additional 448,162 shares during the period. Finally, New York State Common Retirement Fund increased its stake in SeaWorld Entertainment by 47.7% in the 2nd quarter. New York State Common Retirement Fund now owns 700,875 shares of the company’s stock valued at $10,380,000 after purchasing an additional 226,374 shares in the last quarter.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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