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SeaWorld Entertainment Sees Unusually High Options Volume (NYSE:SEAS)

Last updated on Wednesday, May 5, 2021 | 2021 MarketBeat

SeaWorld Entertainment, Inc. (NYSE:SEAS) saw some unusual options trading activity on Tuesday. Traders bought 8,691 call options on the company. This is an increase of approximately 1,931% compared to the typical daily volume of 428 call options.

Several brokerages have recently issued reports on SEAS. Truist increased their price target on shares of SeaWorld Entertainment from $38.00 to $54.00 in a research report on Friday, February 26th. TheStreet raised shares of SeaWorld Entertainment from a "d" rating to a "c-" rating in a research report on Friday, February 26th. KeyCorp upped their target price on shares of SeaWorld Entertainment from $27.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, March 8th. Credit Suisse Group upped their target price on shares of SeaWorld Entertainment from $34.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, March 1st. Finally, Stifel Nicolaus upped their target price on shares of SeaWorld Entertainment from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, April 20th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of "Buy" and an average price target of $43.93.

SeaWorld Entertainment stock traded up $0.94 during mid-day trading on Wednesday, hitting $54.59. The company had a trading volume of 18,186 shares, compared to its average volume of 1,102,874. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of -14.42 and a beta of 2.37. SeaWorld Entertainment has a 1 year low of $11.50 and a 1 year high of $57.57. The company has a quick ratio of 1.50, a current ratio of 1.60 and a debt-to-equity ratio of 220.00. The business has a fifty day moving average of $51.58 and a 200 day moving average of $36.77.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Thursday, February 25th. The company reported ($0.58) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.66) by $0.08. The business had revenue of $154.08 million during the quarter, compared to the consensus estimate of $126.94 million. SeaWorld Entertainment had a negative return on equity of 352.53% and a negative net margin of 50.54%. Equities analysts anticipate that SeaWorld Entertainment will post -4.01 earnings per share for the current year.

In other news, COO Walter Bogumil sold 10,000 shares of the stock in a transaction dated Friday, April 9th. The shares were sold at an average price of $50.28, for a total transaction of $502,800.00. Following the sale, the chief operating officer now owns 200,582 shares of the company's stock, valued at $10,085,262.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Dold sold 2,000 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $54.65, for a total transaction of $109,300.00. Following the sale, the insider now directly owns 107,569 shares in the company, valued at approximately $5,878,645.85. The disclosure for this sale can be found here. Insiders sold 45,363 shares of company stock worth $2,220,370 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its holdings in shares of SeaWorld Entertainment by 31.1% during the third quarter. Great West Life Assurance Co. Can now owns 4,581 shares of the company's stock worth $90,000 after purchasing an additional 1,086 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of SeaWorld Entertainment during the third quarter worth $649,000. Brinker Capital Investments LLC acquired a new stake in shares of SeaWorld Entertainment during the third quarter worth $772,000. Hall Laurie J Trustee lifted its holdings in shares of SeaWorld Entertainment by 65.6% during the fourth quarter. Hall Laurie J Trustee now owns 1,060 shares of the company's stock worth $33,000 after purchasing an additional 420 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in SeaWorld Entertainment by 2.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,258,729 shares of the company's stock valued at $39,763,000 after acquiring an additional 30,755 shares during the period. 97.81% of the stock is owned by institutional investors and hedge funds.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates 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.

See Also: Environmental, Social, and Governance (ESG) Investing

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