Envestnet Asset Management Inc. lessened its holdings in shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,818 shares of the company’s stock after selling 1,207 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SeaWorld Entertainment were worth $1,489,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Melvin Capital Management LP bought a new stake in shares of SeaWorld Entertainment in the 1st quarter valued at approximately $89,406,000. Scopus Asset Management L.P. bought a new stake in shares of SeaWorld Entertainment in the 1st quarter valued at approximately $47,187,000. Price T Rowe Associates Inc. MD grew its stake in shares of SeaWorld Entertainment by 121.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 982,031 shares of the company’s stock valued at $48,777,000 after buying an additional 538,063 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of SeaWorld Entertainment by 222.5% in the 1st quarter. Voloridge Investment Management LLC now owns 237,242 shares of the company’s stock valued at $11,784,000 after buying an additional 163,676 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of SeaWorld Entertainment in the 1st quarter valued at approximately $7,610,000.
Shares of NYSE SEAS opened at $54.68 on Tuesday. The business has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $51.14. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -95.93 and a beta of 2.41. SeaWorld Entertainment, Inc. has a one year low of $18.39 and a one year high of $58.26.
SEAS has been the subject of several analyst reports. Zacks Investment Research upgraded SeaWorld Entertainment from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a report on Wednesday, August 11th. TheStreet lowered SeaWorld Entertainment from a “c-” rating to a “d+” rating in a report on Monday, July 19th. Stifel Nicolaus boosted their target price on SeaWorld Entertainment from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Finally, B. Riley boosted their target price on SeaWorld Entertainment from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, August 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $52.09.
In other SeaWorld Entertainment news, insider Christopher Dold sold 2,000 shares of the company’s stock in a transaction on Friday, July 30th. The stock was sold at an average price of $46.59, for a total value of $93,180.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Swanson sold 4,594 shares of the company’s stock in a transaction on Friday, September 17th. The shares were sold at an average price of $56.01, for a total value of $257,309.94. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.
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