Wedge Capital Management L L P NC Sells 6,426 Shares of SeaWorld Entertainment Inc (NYSE:SEAS)

Wedge Capital Management L L P NC reduced its position in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 43.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,216 shares of the company’s stock after selling 6,426 shares during the quarter. Wedge Capital Management L L P NC’s holdings in SeaWorld Entertainment were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new position in shares of SeaWorld Entertainment during the third quarter valued at approximately $25,000. Acadian Asset Management LLC lifted its stake in shares of SeaWorld Entertainment by 407.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock worth $41,000 after acquiring an additional 1,051 shares during the last quarter. Advisors Preferred LLC purchased a new position in SeaWorld Entertainment during the 2nd quarter valued at $68,000. Resources Investment Advisors LLC. purchased a new position in SeaWorld Entertainment during the 2nd quarter valued at $71,000. Finally, Signaturefd LLC grew its position in SeaWorld Entertainment by 45.5% in the 2nd quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock valued at $99,000 after acquiring an additional 1,000 shares during the last quarter.

NYSE SEAS traded up $0.68 on Friday, reaching $29.28. 1,951,536 shares of the stock traded hands, compared to its average volume of 1,552,949. SeaWorld Entertainment Inc has a 12 month low of $21.36 and a 12 month high of $34.72. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.35 and a beta of 1.17. The company has a fifty day moving average price of $26.88 and a 200-day moving average price of $29.04. The company has a debt-to-equity ratio of 12.28, a quick ratio of 0.25 and a current ratio of 0.34.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The firm had revenue of $473.70 million for the quarter, compared to the consensus estimate of $488.84 million. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. SeaWorld Entertainment’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. As a group, research analysts anticipate that SeaWorld Entertainment Inc will post 1.59 earnings per share for the current fiscal year.

In other SeaWorld Entertainment news, insider Marc Swanson sold 5,827 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $29.98, for a total transaction of $174,693.46. Following the transaction, the insider now directly owns 113,962 shares in the company, valued at approximately $3,416,580.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.

SEAS has been the topic of a number of recent analyst reports. Bank of America set a $22.00 target price on SeaWorld Entertainment and gave the stock a “sell” rating in a research note on Tuesday, September 17th. Stifel Nicolaus set a $37.00 price target on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Thursday, October 10th. TheStreet raised shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of SeaWorld Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group set a $37.00 price objective on shares of SeaWorld Entertainment and gave the company a “buy” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.01.

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.

Read More: What does relative strength index mean?

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

Receive News & Ratings for SeaWorld Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.