Pinnacle Associates LTD Upped Seaworld Entmt INC (SEAS) Holding by $16.64 Million as Valuation Rose

July 14, 2018 - By Ellis Scott

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.43, from 1.33 in 2017Q4. It worsened, as 24 investors sold SEAS shares while 48 reduced holdings. 27 funds opened positions while 38 raised stakes. 72.48 million shares or 7.21% more from 67.60 million shares in 2017Q4 were reported. 74,950 are owned by Deutsche Bancshares Ag. 346,362 were reported by Element Cap Lc. Barrow Hanley Mewhinney & Strauss Ltd Liability Corp accumulated 7.10M shares. Invesco reported 51,138 shares or 0% of all its holdings. California Employees Retirement Sys holds 214,587 shares. Vanguard Gru holds 0% or 4.81M shares in its portfolio. Geode Mgmt Llc reported 571,310 shares. Hbk Invests LP invested in 0% or 15,000 shares. Wealthtrust has 110 shares for 0% of their portfolio. Hall Laurie J Trustee holds 0% in SeaWorld Entertainment, Inc. (NYSE:SEAS) or 280 shares. Teacher Retirement Sys Of Texas, a Texas-based fund reported 15,014 shares. Moreover, Blackrock has 0% invested in SeaWorld Entertainment, Inc. (NYSE:SEAS). Moreover, Ruggie Cap Group has 0% invested in SeaWorld Entertainment, Inc. (NYSE:SEAS). 1.08M are held by Walthausen Ltd. Eqis Management holds 0.02% in SeaWorld Entertainment, Inc. (NYSE:SEAS) or 26,898 shares.

Since March 6, 2018, it had 3 insider purchases, and 2 selling transactions for $11.65 million activity. Another trade for 409,900 shares valued at $6.00M was made by Hill Path Capital Partners Co-Investment S LP on Tuesday, March 6. 2,000 shares were bought by MOLONEY THOMAS E, worth $28,800 on Thursday, March 15. The insider Roddy Jack sold $179,903. Reilly John T sold 11,000 shares worth $200,750.

Pinnacle Associates Ltd increased its stake in Seaworld Entmt Inc (SEAS) by 1547.44% based on its latest 2018Q1 regulatory filing with the SEC. Pinnacle Associates Ltd bought 1.19 million shares as the company’s stock rose 13.21% while stock markets declined. The institutional investor held 1.27 million shares of the consumer services company at the end of 2018Q1, valued at $18.77 million, up from 76,820 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Seaworld Entmt Inc for a number of months, seems to be bullish on the $1.93 billion market cap company. The stock increased 1.77% or $0.38 during the last trading session, reaching $21.82. About 1.38M shares traded. SeaWorld Entertainment, Inc. (NYSE:SEAS) has declined 2.14% since July 14, 2017 and is downtrending. It has underperformed by 14.71% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $5.10B US Long portfolio, decreased its stake in Cognex Corp (NASDAQ:CGNX) by 69,911 shares to 1.73 million shares, valued at $89.73M in 2018Q1, according to the filing. It also reduced its holding in Arconic Inc by 135,618 shares in the quarter, leaving it with 155,618 shares, and cut its stake in Trimble Inc (NASDAQ:TRMB).

More recent SeaWorld Entertainment, Inc. (NYSE:SEAS) news were published by: Benzinga.com which released: “Wells Fargo Wants Off The Theme Park Ride, Downgrades SeaWorld And Six Flags” on July 09, 2018. Also Fool.com published the news titled: “Another Big Reason SeaWorld’s Theme Parks Are Struggling” on July 08, 2018. Bizjournals.com‘s news article titled: “SeaWorld stock nears year-high as Orlando summer tourist season begins” with publication date: June 19, 2018 was also an interesting one.

SeaWorld Entertainment, Inc. (NYSE:SEAS) Ratings Coverage

Among 6 analysts covering SeaWorld Entertainment (NYSE:SEAS), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. SeaWorld Entertainment has $25 highest and $1500 lowest target. $18.75’s average target is -14.07% below currents $21.82 stock price. SeaWorld Entertainment had 10 analyst reports since February 28, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 7 by Stifel Nicolaus. On Wednesday, May 9 the stock rating was maintained by FBR Capital with “Neutral”. The firm has “Buy” rating given on Wednesday, May 2 by Stifel Nicolaus. The firm has “Neutral” rating by Citigroup given on Friday, March 9. As per Monday, July 9, the company rating was downgraded by Wells Fargo. The company was maintained on Wednesday, February 28 by Stifel Nicolaus. The rating was downgraded by Macquarie Research on Friday, March 2 to “Underperform”. The firm has “Buy” rating by SunTrust given on Tuesday, February 27. As per Wednesday, May 9, the company rating was maintained by Stifel Nicolaus. Citigroup downgraded the stock to “Sell” rating in Tuesday, June 12 report.

SeaWorld Entertainment, Inc. (NYSE:SEAS) Institutional Positions Chart

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