Group One Trading buys $66,081,533 stake in SeaWorld Entertainment Inc (SEAS)

SeaWorld Entertainment Inc (SEAS) : Group One Trading scooped up 1,137,076 additional shares in SeaWorld Entertainment Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,954,610 shares of SeaWorld Entertainment Inc which is valued at $66,081,533.SeaWorld Entertainment Inc makes up approximately 5.08% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Wolverine Trading boosted its stake in SEAS in the latest quarter, The investment management firm added 50,049 additional shares and now holds a total of 151,970 shares of SeaWorld Entertainment Inc which is valued at $2,539,419. SeaWorld Entertainment Inc makes up approx 0.16% of Wolverine Trading’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in SEAS by selling 26,968 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 1,662,509 shares of SEAS which is valued at $23,690,753. Quantitative Investment Management sold out all of its stake in SEAS during the most recent quarter. The investment firm sold 50,100 shares of SEAS which is valued $704,907.

SeaWorld Entertainment Inc opened for trading at $16.95 and hit $17.19 on the upside on Monday, eventually ending the session at $17.11, with a gain of 0.82% or 0.14 points. The heightened volatility saw the trading volume jump to 9,89,490 shares. Company has a market cap of $1,522 M.

On the company’s financial health, SeaWorld Entertainment Inc reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $1.06. The company had revenue of $485.30 million for the quarter, compared to analysts expectations of $485.96 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. SeaWorld Entertainment Inc was Downgraded by Citigroup to ” Neutral” on Nov 14, 2016. Company shares were Reiterated by FBR & Co. on Nov 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $15 .SeaWorld Entertainment Inc was Upgraded by Citigroup to ” Buy” on Sep 22, 2016.

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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