Investors Buy Large Volume of SeaWorld Entertainment Put Options (NYSE:SEAS)


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SeaWorld Entertainment, Inc. (NYSE:SEAS) was the target of unusually large options trading on Monday. Traders bought 4,592 put options on the company. This represents an increase of approximately 1,220% compared to the typical daily volume of 348 put options.

In related news, insider Christopher Dold sold 2,000 shares of the stock in a transaction on Friday, April 30th. The shares were sold at an average price of $54.65, for a total transaction of $109,300.00. Following the completion of the sale, the insider now owns 107,569 shares in the company, valued at approximately $5,878,645.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sharon P. Nadeau sold 28,746 shares of SeaWorld Entertainment stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $49.31, for a total transaction of $1,417,465.26. Following the completion of the transaction, the insider now owns 86,765 shares in the company, valued at $4,278,382.15. The disclosure for this sale can be found here. Insiders have sold 45,363 shares of company stock worth $2,220,370 in the last quarter. Insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEAS. Emerald Mutual Fund Advisers Trust raised its holdings in SeaWorld Entertainment by 20.3% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 527,741 shares of the company’s stock valued at $26,213,000 after acquiring an additional 89,062 shares in the last quarter. Emerald Advisers LLC boosted its stake in SeaWorld Entertainment by 11.3% during the first quarter. Emerald Advisers LLC now owns 541,922 shares of the company’s stock worth $26,917,000 after buying an additional 54,860 shares in the last quarter. Comerica Bank bought a new stake in SeaWorld Entertainment in the 1st quarter valued at $219,000. Assenagon Asset Management S.A. acquired a new position in shares of SeaWorld Entertainment in the 1st quarter valued at $1,835,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SeaWorld Entertainment by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,330,974 shares of the company’s stock worth $42,044,000 after acquiring an additional 33,359 shares during the period. Institutional investors and hedge funds own 97.81% of the company’s stock.

Shares of SEAS stock opened at $53.18 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.60 and a debt-to-equity ratio of 220.00. The business’s 50 day moving average is $51.53 and its two-hundred day moving average is $36.61. The company has a market cap of $4.18 billion, a PE ratio of -14.30 and a beta of 2.37. SeaWorld Entertainment has a 12 month low of $11.50 and a 12 month high of $57.57.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Thursday, February 25th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.66) by $0.08. The business had revenue of $154.08 million for the quarter, compared to the consensus estimate of $126.94 million. SeaWorld Entertainment had a negative net margin of 50.54% and a negative return on equity of 352.53%. As a group, equities analysts expect that SeaWorld Entertainment will post -4.01 EPS for the current fiscal year.

SEAS has been the subject of a number of analyst reports. TheStreet upgraded shares of SeaWorld Entertainment from a “d” rating to a “c-” rating in a research report on Friday, February 26th. KeyCorp boosted their price target on SeaWorld Entertainment from $27.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, March 8th. B. Riley raised their target price on shares of SeaWorld Entertainment from $53.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, March 8th. They noted that the move was a valuation call. Citigroup lowered shares of SeaWorld Entertainment from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $52.00 in a report on Monday, March 8th. Finally, Wedbush boosted their price objective on SeaWorld Entertainment from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SeaWorld Entertainment presently has a consensus rating of “Buy” and a consensus target price of $43.93.

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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