Pinnacle Associates LTD Position In Seaworld Entmt INC (SEAS) Was Upped

July 27, 2018 - By Palma Niemeyer

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.43, from 1.33 in 2017Q4. It dived, 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. Quantitative Systematic Strategies Limited Com invested in 0.09% or 29,393 shares. Hall Laurie J Trustee holds 0% in SeaWorld Entertainment, Inc. (NYSE:SEAS) or 280 shares. Van Berkom & Assocs reported 2.96 million shares. State Board Of Administration Of Florida Retirement Sys owns 48,618 shares. Susquehanna International Limited Liability Partnership reported 0.01% of its portfolio in SeaWorld Entertainment, Inc. (NYSE:SEAS). Hudson Bay Cap Management Ltd Partnership accumulated 21,450 shares. Legal General Group Incorporated Public Limited Liability Corp holds 0% or 71,092 shares. Sterling Management Limited Liability has 0.46% invested in SeaWorld Entertainment, Inc. (NYSE:SEAS). Metropolitan Life accumulated 21,285 shares. Parametric Portfolio Assoc Lc owns 0.01% invested in SeaWorld Entertainment, Inc. (NYSE:SEAS) for 368,513 shares. Royal Bank & Trust Of Canada invested in 0% or 5,818 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in SeaWorld Entertainment, Inc. (NYSE:SEAS). Element Capital Mgmt Llc invested in 0.12% or 346,362 shares. Moreover, Nordea Inv Mgmt Ab has 0.01% invested in SeaWorld Entertainment, Inc. (NYSE:SEAS) for 167,600 shares. Nomura Incorporated holds 0% or 156,669 shares in its portfolio.

Since March 6, 2018, it had 3 insider buys, and 2 sales for $11.65 million activity. 2,000 shares were bought by MOLONEY THOMAS E, worth $28,800 on Thursday, March 15. $200,750 worth of stock was sold by Reilly John T on Tuesday, May 8. 409,900 SeaWorld Entertainment, Inc. (NYSE:SEAS) shares with value of $6.00M were bought by Hill Path Capital Partners LP. Hill Path Capital Partners Co-Investment S LP bought $6.00 million worth of stock or 409,900 shares.

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 1.27M shares of the consumer services company at the end of 2018Q1, valued at $18.77M, 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 $1.94 billion market cap company. The stock decreased 1.08% or $0.24 during the last trading session, reaching $21.92. About 1.32M shares traded. SeaWorld Entertainment, Inc. (NYSE:SEAS) has declined 2.14% since July 27, 2017 and is downtrending. It has underperformed by 14.71% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $5.10 billion US Long portfolio, decreased its stake in Trimble Inc (NASDAQ:TRMB) by 93,909 shares to 1.94M shares, valued at $69.77M in 2018Q1, according to the filing. It also reduced its holding in Las Vegas Sands Corp (NYSE:LVS) by 45,930 shares in the quarter, leaving it with 926,797 shares, and cut its stake in Interxion Holding N.V (NYSE:INXN).

More important recent SeaWorld Entertainment, Inc. (NYSE:SEAS) news were published by: Bizjournals.com which released: “Busch Gardens gets high ranking as one of the nation’s best theme parks” on July 25, 2018, also Globenewswire.com published article titled: “New Research: Key Drivers of Growth for Caesars Entertainment, Apple Hospitality REIT, Meridian, NRG Energy …”, Benzinga.com published: “Wells Fargo Wants Off The Theme Park Ride, Downgrades SeaWorld And Six Flags” on July 09, 2018. More interesting news about SeaWorld Entertainment, Inc. (NYSE:SEAS) was released by: Fool.com and their article: “Another Big Reason SeaWorld’s Theme Parks Are Struggling” with publication date: July 08, 2018.

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 $27 highest and $1500 lowest target. $19.25’s average target is -12.18% below currents $21.92 stock price. SeaWorld Entertainment had 11 analyst reports since February 28, 2018 according to SRatingsIntel. The stock of SeaWorld Entertainment, Inc. (NYSE:SEAS) has “Buy” rating given on Wednesday, July 18 by Stifel Nicolaus. Stifel Nicolaus maintained SeaWorld Entertainment, Inc. (NYSE:SEAS) on Wednesday, May 9 with “Buy” rating. The stock of SeaWorld Entertainment, Inc. (NYSE:SEAS) earned “Buy” rating by Stifel Nicolaus on Thursday, June 7. The rating was downgraded by Citigroup on Tuesday, June 12 to “Sell”. Macquarie Research downgraded the shares of SEAS in report on Friday, March 2 to “Underperform” rating. FBR Capital maintained SeaWorld Entertainment, Inc. (NYSE:SEAS) rating on Wednesday, May 9. FBR Capital has “Neutral” rating and $17 target. The firm has “Buy” rating by SunTrust given on Tuesday, February 27. Stifel Nicolaus maintained it with “Buy” rating and $21 target in Wednesday, May 2 report. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, July 9 report. Citigroup maintained SeaWorld Entertainment, Inc. (NYSE:SEAS) rating on Friday, March 9. Citigroup has “Neutral” rating and $15 target.

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

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