SeaWorld Entertainment Inc (NYSE:SEAS) Sees Large Drop in Short Interest

SeaWorld Entertainment Inc (NYSE:SEAS) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 7,313,900 shares, a decline of 18.8% from the May 15th total of 9,005,400 shares. Approximately 10.9% of the shares of the stock are short sold. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is presently 4.0 days.

A number of brokerages recently weighed in on SEAS. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. B. Riley set a $36.00 price target on shares of SeaWorld Entertainment and gave the company a “buy” rating in a report on Monday, July 8th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. KeyCorp set a $37.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Goldman Sachs Group lowered shares of JSR from a “neutral” rating to a “sell” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.01.

In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of SeaWorld Entertainment stock in a transaction that occurred on Monday, May 27th. The shares were sold at an average price of $26.71, for a total value of $502,945,934.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Several hedge funds have recently modified their holdings of SEAS. Bluefin Trading LLC raised its holdings in shares of SeaWorld Entertainment by 133.6% in the 4th quarter. Bluefin Trading LLC now owns 232,725 shares of the company’s stock valued at $5,141,000 after purchasing an additional 925,648 shares during the period. Bank of America Corp DE grew its stake in SeaWorld Entertainment by 684.6% in the 4th quarter. Bank of America Corp DE now owns 956,397 shares of the company’s stock valued at $21,127,000 after buying an additional 834,497 shares during the last quarter. Gotham Asset Management LLC acquired a new position in SeaWorld Entertainment in the 4th quarter valued at about $14,140,000. Deutsche Bank AG grew its stake in SeaWorld Entertainment by 58.2% in the 4th quarter. Deutsche Bank AG now owns 1,524,071 shares of the company’s stock valued at $33,665,000 after buying an additional 560,988 shares during the last quarter. Finally, Norges Bank acquired a new position in SeaWorld Entertainment in the 4th quarter valued at about $8,003,000. 84.86% of the stock is currently owned by institutional investors.

NYSE:SEAS traded up $0.21 on Friday, hitting $33.33. 1,230,561 shares of the company’s stock were exchanged, compared to its average volume of 1,548,737. The business has a 50-day simple moving average of $30.47. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.31 and a current ratio of 0.41. SeaWorld Entertainment has a 52 week low of $21.00 and a 52 week high of $33.55. The stock has a market capitalization of $2.81 billion, a P/E ratio of 32.68, a P/E/G ratio of 3.22 and a beta of 1.06.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The firm had revenue of $220.60 million for the quarter, compared to analysts’ expectations of $215.91 million. During the same period in the previous year, the firm posted ($0.73) EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts anticipate that SeaWorld Entertainment will post 1.48 earnings per share for the current year.

SeaWorld 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 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.

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