Clark Estates Incny buys $14,102,452 stake in SeaWorld Entertainment Inc (SEAS)

SeaWorld Entertainment Inc (SEAS) : Clark Estates Incny scooped up 718,300 additional shares in SeaWorld Entertainment Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 950,300 shares of SeaWorld Entertainment Inc which is valued at $14,102,452.SeaWorld Entertainment Inc makes up approximately 2.65% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in SEAS by selling 5,015 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 140,287 shares of SEAS which is valued at $2,081,859. Pitcairn Co added SEAS to its portfolio by purchasing 11,368 company shares during the most recent quarter which is valued at $171,657. SeaWorld Entertainment Inc makes up approx 0.02% of Pitcairn Co’s portfolio. Eagle Asset Management Inc sold out all of its stake in SEAS during the most recent quarter. The investment firm sold 459,912 shares of SEAS which is valued $7,050,451.Simplex Trading boosted its stake in SEAS in the latest quarter, The investment management firm added 33,274 additional shares and now holds a total of 44,451 shares of SeaWorld Entertainment Inc which is valued at $681,434. SeaWorld Entertainment Inc makes up approx 0.09% of Simplex Trading’s portfolio.Creative Planning boosted its stake in SEAS in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 625 shares of SeaWorld Entertainment Inc which is valued at $9,213.

SeaWorld Entertainment Inc closed down -1.96 points or -13.21% at $12.88 with 1,46,40,408 shares getting traded on Thursday. Post opening the session at $12.89, the shares hit an intraday low of $12.58 and an intraday high of $13.285 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, SeaWorld Entertainment Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $371.10 million for the quarter, compared to analysts expectations of $375.16 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. SeaWorld Entertainment Inc was Downgraded by Credit Suisse to ” Underperform” on May 11, 2016. Shares were Reiterated by Barclays on May 6, 2016 to “Underweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .

SeaWorld Entertainment Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides shows and other attractions. The Company operates SeaWorld theme parks in Orlando Florida; San Antonio Texas and San Diego California and Busch Gardens theme parks in Tampa Florida and Williamsburg Virginia. 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).

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