Raymond James & Associates Trims Stock Position in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Raymond James & Associates acquired SeaWorld Entertainment, Inc. during the 3rd quarter. (NYSE:SEAS – Get Rating) by 5.7%, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,449 shares of the company’s stock after selling 2,186 shares during the quarter. Raymond James & Associates owned approximately 0.05% of SeaWorld Entertainment worth $1,659,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other hedge funds and other institutional investors have also recently made changes to their positions in SEAS. MetLife Investment Management LLC boosted its holdings in SeaWorld Entertainment by 45.9% during the 1st quarter. MetLife Investment Management LLC now owns 26,767 shares of the company’s stock worth $1,993,000 after purchasing an additional 8,417 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SeaWorld Entertainment by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,059,041 shares of the company’s stock worth $78,833,000 after purchasing an additional 42,031 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in SeaWorld Entertainment in the 1st quarter worth about $14,678,000. Allianz Asset Management GmbH boosted its holdings in SeaWorld Entertainment by 94.7% in the first quarter. Allianz Asset Management GmbH now owns 51,947 shares of the company’s stock worth $3,867,000 after buying an additional 25,268 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in SeaWorld Entertainment by 3.0% in the 1st quarter. Vanguard Group Inc. after buying an additional 155,068 shares during the last quarter. now owns 5,260,747 shares of the company’s stock, worth $391,610,000.

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Changes in expert ratings

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on SeaWorld Entertainment from $77.00 to $76.00 in a research note on Wednesday, November 2nd. Citigroup upped their price objective on SeaWorld Entertainment from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, January 9th. StockNews.com downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Credit Suisse Group reduced their price target on SeaWorld Entertainment from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. Finally, B. Riley decreased their price objective on SeaWorld Entertainment from $79.00 to $75.00 in a research note on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Average Buy” and an average target price of $70.00, according to MarketBeat.com.

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SeaWorld Entertainment Stock Performance

NYSE SEAS opened at $60.78 on Wednesday. The company has a market cap of $3.88 billion, a P/E ratio of 13.78 and a beta of 2.00. SeaWorld Entertainment, Inc. a one year low of $40.01 and a one year high of $76.57. The stock has a 50-day moving average of $55.29 and a 200-day moving average of $52.61.

SeaWorld Entertainment (NYSE: SEAS – Get Rating ) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.20). SeaWorld Entertainment had a net margin of 18.33% and a negative return on equity of 124.48%. The company had revenue of $565.21 million for the quarter, compared to analyst expectations of $578.63 million. As a group, equities analysts at SeaWorld Entertainment, Inc. is forecast to post 4.12 EPS for the current fiscal year.

About SeaWorld Entertainment

(get grade)

SeaWorld Entertainment, Inc. is a holding company that owns and operates theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, Florida.

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Further reading

Want to see what other hedge funds are holding SEAS? SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) Visit HoldingsChannel.com for the latest 13F filings and insider trades.

Quarterly Institutional Ownership for SeaWorld Entertainment (NYSE:SEAS)

This instant announcement is powered by Narrative Science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff prior to publication. Please send questions or comments about this story to [email protected]

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