SeaWorld Entertainment, Inc. (NYSE:SEAS) Trading Volume Significantly Higher


Trading was heavy with 3,305K shares changing hands on Friday. Shares saw a steep increase in trading volume of 43.16% over the normal average daily volume.

There has been some selling insider activity on SeaWorld Entertainment, Inc. (NYSE:SEAS) recently. CFO Peter J. Crage sold 3,000 shares at an average price of $18.20 on May 25th. That brings the CFO’s holdings to $5,012,911 as reported to the SEC.

These funds have also shifted positions in (SEAS). As of quarter end Jennison Associates LLC had bought a total of 80,473 shares growing its holdings by 40.0%. The value of the investment in SeaWorld Entertainment, Inc. increased from $3,806,000 to $4,580,000 a change of 20.3% for the reporting period. Olstein Capital Management, L.p. added to its ownership by buying 151,090 shares an increase of 24.5%. Olstein Capital Management, L.p. owns 766,940 shares worth $12,478,000. The value of the position overall is up by 10.9%.

Legal & General Group Plc bolstered its position by buying 1,656 shares an increase of 2.4% from 03/31/2017 to 06/30/2017. Legal & General Group Plc now controls 69,283 shares valued at $1,126,000. The total value of its holdings decreased 8.9%. BNP Paribas Arbitrage, SA expanded its investment by buying 39,835 shares an increase of 2,126.8% in the quarter. BNP Paribas Arbitrage, SA now holds 41,708 shares with a value of $678,000. The value of the position overall is up by 1,894.1%.

On August 3 the company was downgraded to “Market Perform” from “” with a current price target of $15.00 in a statement from B. Riley. On July 28 the stock rating was upgraded from “Neutral” to “Neutral” in an announcement from Citigroup.

On July 27, 2017 the stock rating was changed to a “Neutral” according to a Macquarie report a cut from the previous “Outperform” rating. On July 18 the company was set at “Neutral” by Goldman Sachs which was a boost from the previous “Neutral” rating.

On December 13 the company was upgraded from “Neutral” to “Buy” and a price target of $24.00 was set in a report from Janney Capital. Janney Capital upgraded the stock and raised the price target on December 13 changing the price objective from $20.00 to $24.00 and moving the rating from “Neutral” to “Buy”.

The company is so far trading up by 2.45% since yesterday’s close of $13.87. The stock is trading at $14.21 which is marginally under the 50 day moving average of $15.42 and a tad under the 200 day moving average of $17.38. The 50 day moving average was down $-1.21 whereas the 200 day moving average was down $-3.17 or -18.22%.

The P/E ratio is 125.75 and market capitalization is 1.21B. As of the latest earnings report the EPS was $0.11 and is expected to be $0.67 for the current year with 85,428,000 shares currently outstanding. Next quarter’s EPS is expected be $1.11 with next year’s EPS anticipated to be $0.95.

SeaWorld Entertainment, Inc., launched on October 2, 2009, is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place)..