SeaWorld Entertainment Inc (SEAS) Stake Decreased by Impala Asset Management LLC

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Impala Asset Management LLC trimmed its holdings in SeaWorld Entertainment Inc (NYSE:SEAS) by 59.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 160,019 shares of the company’s stock after selling 239,203 shares during the period. Impala Asset Management LLC’s holdings in SeaWorld Entertainment were worth $5,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC purchased a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at $141,000. Cerebellum GP LLC purchased a new position in shares of SeaWorld Entertainment in the 3rd quarter valued at $186,000. Ibex Investors LLC purchased a new position in shares of SeaWorld Entertainment in the 3rd quarter valued at $212,000. Bank of Montreal Can increased its holdings in shares of SeaWorld Entertainment by 85.1% in the 3rd quarter. Bank of Montreal Can now owns 7,290 shares of the company’s stock valued at $229,000 after acquiring an additional 3,352 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at $241,000. Hedge funds and other institutional investors own 78.54% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, August 25th. SunTrust Banks lifted their price target on SeaWorld Entertainment to $36.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Stifel Nicolaus lifted their price target on SeaWorld Entertainment from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Janney Montgomery Scott lifted their price target on SeaWorld Entertainment from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, Citigroup boosted their price objective on SeaWorld Entertainment from $15.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.78.

NYSE:SEAS opened at $26.81 on Wednesday. SeaWorld Entertainment Inc has a 12 month low of $12.94 and a 12 month high of $32.47. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 3.99. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 127.67 and a beta of 1.03.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Monday, November 5th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). SeaWorld Entertainment had a return on equity of 21.33% and a net margin of 2.61%. The firm had revenue of $483.20 million for the quarter, compared to analysts’ expectations of $479.67 million. During the same quarter last year, the firm posted $0.64 earnings per share. SeaWorld Entertainment’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that SeaWorld Entertainment Inc will post 0.71 earnings per share for the current year.

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SeaWorld Entertainment Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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Institutional Ownership by Quarter for SeaWorld Entertainment (NYSE:SEAS)

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