Insider Buying: SeaWorld Entertainment, Inc. (NYSE:SEAS) Director Buys 2,500 Shares of Stock

SeaWorld Entertainment, Inc. (NYSE:SEAS) Director Timothy Hartnett acquired 2,500 shares of SeaWorld Entertainment stock in a transaction on Tuesday, November 23rd. The stock was acquired at an average price of $65.00 per share, with a total value of $162,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NYSE:SEAS opened at $66.34 on Thursday. The business’s 50-day moving average price is $61.43 and its two-hundred day moving average price is $54.58. SeaWorld Entertainment, Inc. has a twelve month low of $27.06 and a twelve month high of $70.48. The stock has a market cap of $5.13 billion, a P/E ratio of 38.57 and a beta of 2.31.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, November 9th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.43). SeaWorld Entertainment had a net margin of 10.84% and a negative return on equity of 204.37%. The business had revenue of $521.21 million during the quarter, compared to analysts’ expectations of $536.55 million. During the same period in the previous year, the business earned ($0.96) EPS. The business’s revenue was up 391.2% on a year-over-year basis. As a group, equities analysts expect that SeaWorld Entertainment, Inc. will post 3.01 earnings per share for the current fiscal year.

SEAS has been the topic of a number of recent research reports. Truist Securities upped their price target on SeaWorld Entertainment from $62.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. Wedbush upped their price target on SeaWorld Entertainment from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, November 10th. Stifel Nicolaus upped their price target on SeaWorld Entertainment from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. Citigroup upped their price target on SeaWorld Entertainment from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, November 16th. Finally, B. Riley upped their price target on SeaWorld Entertainment from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, SeaWorld Entertainment currently has a consensus rating of “Buy” and a consensus price target of $63.83.

Several large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in shares of SeaWorld Entertainment during the 3rd quarter valued at about $66,000. Macquarie Group Ltd. increased its position in shares of SeaWorld Entertainment by 338.0% during the 2nd quarter. Macquarie Group Ltd. now owns 1,914 shares of the company’s stock valued at $96,000 after purchasing an additional 1,477 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of SeaWorld Entertainment during the 3rd quarter valued at about $112,000. Convergence Investment Partners LLC bought a new position in shares of SeaWorld Entertainment during the 2nd quarter valued at about $185,000. Finally, Strs Ohio bought a new position in shares of SeaWorld Entertainment during the 3rd quarter valued at about $199,000. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Article: Growth and Income Funds

Insider Buying and Selling 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.