Barrow, Hanley, Mewhinney & Strau.. recently announced the acquisition of new stake in SeaWorld Entertainment Inc. (NYSE:SEAS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 32.79% to 8.24 million shares with purchase of 2.04 million shares. This fresh investment now brings its stake to 10.54% valued currently at $119.25 million. In addition, HG Vora Capital Management LLC raised its holdings by 0.5 million to 5.75 million shares. And BlackRock Fund Advisors has lifted its position by 2.36% or 66965.0 shares – to 2.9 million shares.
With over 1.84 million SeaWorld Entertainment Inc. (SEAS) shares trading Monday and a closing price of $20.40 on the day, the dollar volume was approximately $37.54 million. The shares have shown a positive weekly performance of 4.62% and its price on 08/31/20 lost nearly -4.54%. Currently, there are 78.09M common shares owned by the public and among those 49.73M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for SEAS have a consensus price objective of $21.09. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $13.00 should the stock experience a downside. Incidentally, analysts’ outlook for the SeaWorld Entertainment Inc. stock is 2.40 for the next 12 months. The average price target is -5.05% below its last price level and a downside to the estimated low will see the stock lose -56.92% over that period. But an upside of 29.66% will see the stock hit the forecast high price target while mean target price for the stock is $23.00.
Insiders at the company have transacted a total of 99 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 843,763 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 6,199,469 shares.
The top 3 mutual fund holders in SeaWorld Entertainment Inc. are Bridge Builder Large Cap Value Fu, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Bridge Builder Large Cap Value Fu owns 2.51 million shares of the company’s stock, all valued at over $36.37 million. Vanguard Total Stock Market Index sold 1217.0 shares to see its total holdings shrink to 1.45 million shares valued at over $20.92 million and representing 1.85% of the shares outstanding. Vanguard Small Cap Index Fund sold 7520.0 shares to bring its total holdings to over 1.27 million shares at a value of $18.33 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.62% of the shares outstanding.
Shares of SeaWorld Entertainment Inc. (NYSE: SEAS) opened at $21.23, down -$0.14 from a prior closing price of $21.37. However, the script later closed the day at $20.40, down -4.54%. The company’s stock has a 5-day price change of 4.62% and 17.99% over the past three months. SEAS shares are trading -35.67% year to date (YTD), with the 12-month market performance down to -29.68% lower. It has a 12-month low price of $6.75 and touched a high of $36.96 over the same period. Currently, 1.84 million shares have been traded, compared to an average intraday trading volume of 2.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.50%, 22.24%, and -6.18% respectively.
Institutional ownership of SeaWorld Entertainment Inc. (NYSE: SEAS) 78.09M shares outstanding. Mutual fund holders own 42.70%, while other institutional holders and individual stakeholders account for 86.88% and 24.87% respectively.
It has a market capitalization of $1.54B and a beta (3y monthly) value of 2.33. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.30% over the week and 6.28% over the month.
Analysts forecast that SeaWorld Entertainment Inc. (SEAS) will achieve an EPS of -$0.85 for the current quarter, -$0.86 for the next quarter and -$0.71 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.14 while analysts give the company a high EPS estimate of -$0.35. Comparatively, EPS for the current quarter was $1.24 a year ago. Earnings per share for the fiscal year are expected to increase by 114.20%, and 120.50% over the next financial year. EPS should shrink at an annualized rate of 2.20% over the next five years, compared to 14.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate SeaWorld Entertainment Inc. (SEAS) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 5 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SEAS, a number of firms have released research notes about the stock. Janney stated their Neutral rating for the stock in a research note on July 09, 2020, with the firm’s price target at $18. Citigroup coverage for the SeaWorld Entertainment Inc. (SEAS) stock in a research note released on June 04, 2020 offered a Buy rating with a price target of $24. Goldman was of a view on May 28, 2020 that the stock is Neutral, while Credit Suisse gave the stock Neutral rating on May 21, 2020, issuing a price target of $13. B. Riley FBR on their part issued Buy rating on May 11, 2020.