The Swiss National Bank cuts stakes in SeaWorld Entertainment, Inc. (NYSE:SEAS)

Swiss National Bank reduced its stake in SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) shares by 2.4% during the second quarter, HoldingsChannel.com reports. The institutional investor held 115,900 shares of the company’s capital stock after selling 2,800 shares during the quarter. The Swiss National Bank’s interests in SeaWorld Entertainment were worth $5,120,000 at the end of the most recent quarter.

Other institutional investors have also recently increased or reduced their holdings in the company. Panagora Asset Management Inc. acquired a new position in SeaWorld Entertainment during the first quarter for approximately $3,904,000. Quantitative Investment Management LLC acquired a new position in SeaWorld Entertainment during the first quarter for approximately $775,000. Perpetual Investment Management Ltd improved its position in SeaWorld Entertainment by 1.6% during the first quarter. Perpetual Investment Management Ltd now owns 176,844 shares of the company worth $13,163,000 after purchasing an additional 2,700 shares in the last quarter. JAT Capital Mgmt LP improved its position in SeaWorld Entertainment by 26.9% during the first quarter. JAT Capital Mgmt LP now owns 169,163 shares of the company worth $12,592,000 after purchasing an additional 35,872 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in SeaWorld Entertainment in the first quarter valued at $473,000.

Wall Street analysts forecast growth

Several stock research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered its price target on SeaWorld Entertainment from $77.00 to $76.00 in a research report on Wednesday, November 2. StockNews.com downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, November 10. Citigroup raised its price target on SeaWorld Entertainment from $49.00 to $61.00 in a research report on Monday, October 31. Rosenblatt Securities lowered its price target on SeaWorld Entertainment from $92.00 to $69.00 and set a “buy” rating on the shares in a Friday, August 12, research report. Finally, Truist Financial lowered its price target on SeaWorld Entertainment from $70.00 to $60.00 and set a “buy” rating on the shares in a research report on Wednesday, October 5. Four research analysts gave the shares a Hold rating and five gave the company’s shares a Buy rating. According to MarketBeat, the stock currently has a “Moderate Buy” consensus rating and a $70.14 average price target.

Buying and selling insider information

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In related news, whistleblower Christopher L. Finazzo purchased 8,950 shares in a transaction that occurred on Monday, September 12. The shares were purchased at an average cost of $55.99 per share, with a total value of $501,110.50. Following the purchase, the insider now directly owns 72,221 shares of the company, valued at approximately $4,043,653.79. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In related news, whistleblower Christopher L. Finazzo purchased 8,950 shares in a transaction that occurred on Monday, September 12. The shares were purchased at an average cost of $55.99 per share, with a total value of $501,110.50. Following the purchase, the insider now directly owns 72,221 shares of the company, valued at approximately $4,043,653.79. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Marc Swanson sold 4,000 shares of the company in a transaction on Thursday, October 13. The share sold at an average price of $48.75, for a total value of $195,000.00. Following the transaction, the CEO now directly owns 162,129 shares of the company, valued at $7,903,788.75. The disclosure of this sale can be found here. Currently, 1.00% of the shares are owned by insiders.

SeaWorld Entertainment Price Performance

SEAS opened at $54.01 on Friday. SeaWorld Entertainment, Inc. has a 12-month minimum of $40.01 and a 12-month maximum of $76.57. The stock has a market capitalization of $3.45 billion, a price-earnings ratio of 12.25, and a beta of 2.05. The company has a fifty-day moving average price of $52.45 and a 200-day moving average price of $51.00.

About SeaWorld Entertainment

(Get rating)

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates the 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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Want to see what other hedge funds have SEAS? Visit HoldingsChannel.com for the latest 13F filings and insider trading from SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rated).

SeaWorld Entertainment (NYSE:SEAS) Institutional Ownership by Quarter

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