SeaWorld Entertainment Inc (NYSE:SEAS) Sees Large Growth in Short Interest

SeaWorld Entertainment Inc (NYSE:SEAS) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 7,717,900 shares, a growth of 5.5% from the May 30th total of 7,313,900 shares. Currently, 11.5% of the shares of the company are short sold. Based on an average trading volume of 1,860,000 shares, the short-interest ratio is presently 4.1 days.

In related news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the company’s stock in a transaction dated Monday, May 27th. The shares were sold at an average price of $26.71, for a total value of $502,945,934.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of SEAS. Bluefin Trading LLC lifted its holdings in shares of SeaWorld Entertainment by 133.6% in the fourth quarter. Bluefin Trading LLC now owns 232,725 shares of the company’s stock worth $5,141,000 after acquiring an additional 925,648 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SeaWorld Entertainment by 684.6% in the fourth quarter. Bank of America Corp DE now owns 956,397 shares of the company’s stock worth $21,127,000 after acquiring an additional 834,497 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of SeaWorld Entertainment in the fourth quarter worth about $14,140,000. Deutsche Bank AG lifted its holdings in shares of SeaWorld Entertainment by 58.2% in the fourth quarter. Deutsche Bank AG now owns 1,524,071 shares of the company’s stock worth $33,665,000 after acquiring an additional 560,988 shares during the last quarter. Finally, Norges Bank bought a new position in shares of SeaWorld Entertainment in the fourth quarter worth about $8,003,000. 84.86% of the stock is owned by hedge funds and other institutional investors.

Shares of SeaWorld Entertainment stock opened at $34.02 on Wednesday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 3.22 and a beta of 1.07. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.41 and a quick ratio of 0.31. SeaWorld Entertainment has a 12-month low of $21.00 and a 12-month high of $34.72. The business’s 50-day moving average price is $30.99.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.18. The firm had revenue of $220.60 million for the quarter, compared to the consensus estimate of $215.91 million. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.73) earnings per share. On average, research analysts forecast that SeaWorld Entertainment will post 1.48 earnings per share for the current year.

Several equities analysts recently commented on SEAS shares. B. Riley set a $36.00 price target on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research note on Monday, July 8th. TheStreet downgraded shares of 22nd Century Group from a “c-” rating to a “d+” rating in a research note on Friday, March 29th. Janney Montgomery Scott reiterated a “buy” rating and set a $37.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, KeyCorp set a $37.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.01.

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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