First Mercantile Trust Co buys $875,241 stake in SeaWorld Entertainment Inc (SEAS)

SeaWorld Entertainment Inc (SEAS) : First Mercantile Trust Co scooped up 7,920 additional shares in SeaWorld Entertainment Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 61,550 shares of SeaWorld Entertainment Inc which is valued at $875,241.SeaWorld Entertainment Inc makes up approximately 0.12% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in SEAS in the latest quarter, The investment management firm added 22,440 additional shares and now holds a total of 66,891 shares of SeaWorld Entertainment Inc which is valued at $951,190. SeaWorld Entertainment Inc makes up approx 0.12% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SEAS by selling 11,398 shares or 21.36% in the most recent quarter. The Hedge Fund company now holds 41,956 shares of SEAS which is valued at $602,908. Eqis Capital Management sold out all of its stake in SEAS during the most recent quarter. The investment firm sold 10,034 shares of SEAS which is valued $144,189.

SeaWorld Entertainment Inc (SEAS) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.22 and reached the intraday high at $14.365. The bulls started the profit booking and pushed the shares to intraday low of $14.15. The trading session was marked by a volume range of 12,19,303 shares exchanging hands. The 52-week high of the shares is $21.845 and the 52-week low is $11.77. The market cap of the company stands at $1,264 M and there are 8,88,56,649 shares in public circulation.

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 Upgraded by Citigroup to ” Buy” on Sep 22, 2016. Shares were Reiterated by Dougherty & Company on Sep 2, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $6 .Shares were Reiterated by Barclays on Aug 16, 2016 to “Underweight” and Lowered the Price Target to $ 12 from a previous price target of $16 .

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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