SeaWorld Parks & Entertainment (SEAS) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in SeaWorld Parks & Entertainment (NYSE:SEAS) by 15.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,080 shares of the company’s stock after acquiring an additional 13,940 shares during the period. Alliancebernstein L.P.’s holdings in SeaWorld Parks & Entertainment were worth $1,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in shares of SeaWorld Parks & Entertainment by 22,754.8% in the 3rd quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock worth $38,980,000 after acquiring an additional 2,987,705 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of SeaWorld Parks & Entertainment by 2,066.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock worth $31,384,000 after acquiring an additional 2,304,523 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of SeaWorld Parks & Entertainment in the 4th quarter worth approximately $21,163,000. Strs Ohio raised its position in shares of SeaWorld Parks & Entertainment by 15.4% in the 4th quarter. Strs Ohio now owns 1,500,000 shares of the company’s stock worth $20,355,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Impala Asset Management LLC bought a new position in shares of SeaWorld Parks & Entertainment in the 4th quarter worth approximately $1,862,000. Institutional investors and hedge funds own 96.46% of the company’s stock.

SEAS has been the subject of several research reports. Zacks Investment Research lowered SeaWorld Parks & Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Macquarie lowered SeaWorld Parks & Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 target price for the company. in a research report on Friday, March 2nd. ValuEngine lowered SeaWorld Parks & Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of SeaWorld Parks & Entertainment in a research report on Wednesday, February 28th. Finally, Citigroup increased their target price on SeaWorld Parks & Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, March 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.30.



In other SeaWorld Parks & Entertainment news, Director Thomas E. Moloney bought 2,000 shares of SeaWorld Parks & Entertainment stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $14.40 per share, with a total value of $28,800.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Co- bought 150,000 shares of SeaWorld Parks & Entertainment stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $14.38 per share, with a total value of $2,157,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 561,900 shares of company stock valued at $8,182,637. 3.80% of the stock is owned by corporate insiders.

SEAS stock opened at $15.52 on Thursday. SeaWorld Parks & Entertainment has a twelve month low of $10.42 and a twelve month high of $19.23. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.47 and a quick ratio of 0.35. The company has a market cap of $1,396.60, a P/E ratio of 73.90 and a beta of 0.79.

SeaWorld Parks & Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.06). SeaWorld Parks & Entertainment had a negative net margin of 16.02% and a positive return on equity of 23.42%. The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $258.97 million. During the same period last year, the business earned ($0.14) EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. equities research analysts forecast that SeaWorld Parks & Entertainment will post 0.35 earnings per share for the current fiscal year.

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SeaWorld Parks & 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 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 Parks & Entertainment (NYSE:SEAS)

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