ibusinesslines.com July 23, 2018

State Street Corp Increases Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

12 August 2017, 06:43 | Myron Mathis

State Street Corp Increases Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

State Street Corp Increases Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

According to analysts Seaworld Entertainment Inc Co (NYSE:SEAS)'s minimum EPS for the current quarter is at $0.69 and can go high up to $1.23. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -32.38% from last close price of 11.97 and act as support or resistance of price limit. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The disclosure for this sale can be found here. Quadrature Capital Ltd increased its stake in SeaWorld Entertainment by 231.3% in the fourth quarter. Also, CFO Peter J. Crage sold 3,000 shares of the company's stock in a transaction dated Thursday, May 25th. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Hutchin Hill Capital Limited Partnership has invested 0.1% in SeaWorld Entertainment Inc (NYSE:SEAS). The shares were purchased at an average price of $17.84 per share, for a total transaction of $10,418,560.00. ValuEngine upgraded SeaWorld Entertainment from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd. Overbrook Management purchased a fresh position in stocks of SeaWorld Entertainment through out the Fiscal Q2 valued roughly $2,414,000. The shares were purchased at an average price of $18.34 per share, for a total transaction of $13,865,040.00. The shares were purchased at an average cost of $17.82 per share, with a total value of $6,451,285.50.

Shares of SeaWorld Entertainment (SEAS) traded up 0.32% during midday trading on Friday, hitting $12.72. Shares are now down -3.04% over the past year, underperforming the broad market by -122.69% and underperformed a peer group of similar companies by -258%. In terms of moving averages, the 200-day is now at 1008.13, the 50-day is 1225.41, and the 7-day is resting at 1284.79. SeaWorld Entertainment Inc has a 12 month low of $11.10 and a 12 month high of $20.13. On average, analysts expect that SeaWorld Entertainment will post ($0.21) earnings per share for the current year. The firm had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 20.65% and a negative net margin of 13.95%. QEP Resources, Inc. (NYSE:QEP), at its latest closing price of $7.45, it has a price-to-book ratio of 0.50, compared to an industry average at 0.79. During the same period in the prior year, the company earned $0.21 EPS. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.77.

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Institutional investors have recently modified their holdings of the company.

UBS Asset Management Americas Inc. boosted its position in SeaWorld Entertainment Inc (NYSE:SEAS) by 38.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). AXA now owns 170,600 shares of the company's stock worth $2,776,000 after buying an additional 9,700 shares during the period. Hill Path Capital LP boosted its position in shares of SeaWorld Entertainment by 172.8% in the second quarter. Nationwide Fund Advisors has an ownership of 107,345 stocks of the firms shares valued $1,747,000 after scooping up an extra 68,222 shares through out the quarter. As of the end of the quarter Olstein Capital Management, L.p. had bought 151,090 shares growing its position 24.5%. Teachers Advisors LLC now owns 108,812 shares of the company's stock worth $2,060,000 after buying an additional 2,882 shares during the last quarter. Investment Mngmt Of Virginia Limited Co has 0.6% invested in SeaWorld Entertainment Inc (NYSE:SEAS). Legal & General Group Plc now owns 79,755 shares of the company's stock worth $1,458,000 after buying an additional 1,352 shares during the period.

A number of other hedge funds have also recently bought and sold shares of the company. Finally, FBR & Co cut shares of SeaWorld Entertainment from an "outperform" rating to a "market perform" rating and set a $15.00 price target on the stock.in a research note on Thursday, August 3rd. BidaskClub lowered shares of SeaWorld Entertainment from a "sell" rating to a "strong sell" rating in a report on Monday, July 24th. Stifel Nicolaus initiated coverage on shares of SeaWorld Entertainment in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock.

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