Traders Purchase Large Volume of SeaWorld Entertainment Put Options (NYSE:SEAS)


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SeaWorld Entertainment, Inc. (NYSE:SEAS) was the recipient of some unusual options trading activity on Monday. Stock investors bought 4,592 put options on the stock. This is an increase of 1,220% compared to the average daily volume of 348 put options.

In other news, COO Walter Bogumil sold 10,000 shares of the company’s stock in a transaction dated Friday, April 9th. The shares were sold at an average price of $50.28, for a total transaction of $502,800.00. Following the completion of the transaction, the chief operating officer now directly owns 200,582 shares of the company’s stock, valued at $10,085,262.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Dold sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $33.00, for a total transaction of $66,000.00. Following the transaction, the insider now directly owns 127,715 shares of the company’s stock, valued at $4,214,595. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,363 shares of company stock valued at $2,220,370. Insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hall Laurie J Trustee boosted its position in shares of SeaWorld Entertainment by 65.6% during the 4th quarter. Hall Laurie J Trustee now owns 1,060 shares of the company’s stock valued at $33,000 after acquiring an additional 420 shares during the last quarter. Simon Quick Advisors LLC lifted its position in SeaWorld Entertainment by 47.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,369 shares of the company’s stock worth $43,000 after buying an additional 438 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in SeaWorld Entertainment by 31.1% in the third quarter. Great West Life Assurance Co. Can now owns 4,581 shares of the company’s stock worth $90,000 after buying an additional 1,086 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in SeaWorld Entertainment in the fourth quarter worth $124,000. Finally, Fox Run Management L.L.C. bought a new stake in SeaWorld Entertainment in the fourth quarter worth $203,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Several equities analysts have recently commented on SEAS shares. Citigroup downgraded shares of SeaWorld Entertainment from a “buy” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $52.00 in a research note on Monday, March 8th. TheStreet raised SeaWorld Entertainment from a “d” rating to a “c-” rating in a research report on Friday, February 26th. Truist upped their price target on SeaWorld Entertainment from $38.00 to $54.00 in a research note on Friday, February 26th. Stifel Nicolaus increased their price target on SeaWorld Entertainment from $64.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, April 20th. Finally, Credit Suisse Group increased their price target on SeaWorld Entertainment from $34.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SeaWorld Entertainment presently has an average rating of “Buy” and an average price target of $43.93.

Shares of SEAS stock opened at $53.18 on Tuesday. SeaWorld Entertainment has a 52-week low of $11.50 and a 52-week high of $57.57. The company has a debt-to-equity ratio of 220.00, a quick ratio of 1.50 and a current ratio of 1.60. The firm has a market capitalization of $4.18 billion, a PE ratio of -14.30 and a beta of 2.37. The stock has a fifty day simple moving average of $51.53 and a two-hundred day simple moving average of $36.61.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Thursday, February 25th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.08. SeaWorld Entertainment had a negative return on equity of 352.53% and a negative net margin of 50.54%. The company had revenue of $154.08 million for the quarter, compared to the consensus estimate of $126.94 million. On average, sell-side analysts forecast that SeaWorld Entertainment will post -4.01 EPS for the current fiscal year.

About SeaWorld Entertainment

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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