New Jersey Better Educational Savings Trust adds SeaWorld Entertainment Inc (SEAS) to its portfolio

SeaWorld Entertainment Inc (SEAS) : New Jersey Better Educational Savings Trust added new position in SeaWorld Entertainment Inc during the most recent quarter end. The investment management firm now holds 56,000 shares of SeaWorld Entertainment Inc which is valued at $831,040 , the company said in a statement filed on Aug 2, 2016 with the SEC.SeaWorld Entertainment Inc makes up approximately 0.53% of New Jersey Better Educational Savings Trust’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in SEAS in the latest quarter, The investment management firm added 853,644 additional shares and now holds a total of 966,932 shares of SeaWorld Entertainment Inc which is valued at $14,349,271. SeaWorld Entertainment Inc makes up approx 1.91% of Spot Trading L.l.c’s portfolio.Tradition Capital Management reduced its stake in SEAS by selling 59,415 shares or 28.03% in the most recent quarter. The Hedge Fund company now holds 152,530 shares of SEAS which is valued at $2,263,545. SeaWorld Entertainment Inc makes up approx 0.74% of Tradition Capital Management’s portfolio.Wedge Capital Management L L Pnc boosted its stake in SEAS in the latest quarter, The investment management firm added 31,520 additional shares and now holds a total of 57,310 shares of SeaWorld Entertainment Inc which is valued at $882,574. SeaWorld Entertainment Inc makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio. Pitcairn Co added SEAS to its portfolio by purchasing 11,368 company shares during the most recent quarter which is valued at $171,657. SeaWorld Entertainment Inc makes up approx 0.02% of Pitcairn Co’s portfolio. Acadian Asset Management sold out all of its stake in SEAS during the most recent quarter. The investment firm sold 9,064 shares of SEAS which is valued $138,951.

SeaWorld Entertainment Inc closed down -0.05 points or -0.38% at $13.16 with 22,53,368 shares getting traded on Monday. Post opening the session at $13.17, the shares hit an intraday low of $13.11 and an intraday high of $13.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, SeaWorld Entertainment Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $371.10 million for the quarter, compared to analysts expectations of $375.16 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $23 .SeaWorld Entertainment Inc was Downgraded by Macquarie to ” Neutral” on Aug 5, 2016. SeaWorld Entertainment Inc was Downgraded by Credit Suisse to ” Underperform” on May 11, 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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