SeaWorld Entertainment Inc (NYSE: SEAS) stock jumped 2.66% on Monday to $50.10 against a previous-day closing price of $48.80. With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $50.16 whereas the lowest price it dropped to was $48.24. The 52-week range on SEAS shows that it touched its highest point at $68.19 and its lowest point at $40.87 during that stretch. It currently has a 1-year price target of $62.50. Beta for the stock currently stands at 1.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEAS was up-trending over the past week, with a rise of 6.69%, but this was up by 17.91% over a month. Three-month performance surged to 3.51% while six-month performance fell -11.86%. The stock lost -5.51% in the past year, while it has lost -6.37% so far this year. A look at the trailing 12-month EPS for SEAS yields 3.77 with Next year EPS estimates of 4.57. For the next quarter, that number is 0.82. This implies an EPS growth rate of -8.08% for this year and 20.13% for next year.
Float and Shares Shorts:
At present, 63.91 million SEAS shares are outstanding with a float of 62.92 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.86 million, which was 6.03% higher than short shares on Sep 28, 2023. In addition to Mr. Marc G. Swanson as the firm’s Chief Executive Officer, Mr. George Anthony Taylor Esq. serves as its Chief Legal Officer, General Counsel & Corporate Secretary.
Through their ownership of 111.99% of SEAS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 89.56% of SEAS, in contrast to 51.94% held by mutual funds. Shares owned by individuals account for 20.39%. As the largest shareholder in SEAS with 42.53% of the stake, Hill Path Capital LP holds 27,205,306 shares worth 27,205,306. A second-largest stockholder of SEAS, Nomura Securities Co., Ltd., holds 4,515,003 shares, controlling over 7.06% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SEAS, holding 3,774,442 shares or 5.90% stake. With a 1.72% stake in SEAS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,098,593 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.42% of SEAS stock, is the second-largest Mutual Fund holder. It holds 907,622 shares valued at 39.1 million. iShares Russell 2000 ETF holds 1.32% of the stake in SEAS, owning 844,893 shares worth 36.4 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEAS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEAS analysts setting a high price target of $72.00 and a low target of $52.00, the average target price over the next 12 months is $62.50. Based on these targets, SEAS could surge 43.71% to reach the target high and rise by 3.79% to reach the target low. Reaching the average price target will result in a growth of 24.75% from current levels.
Summary of Insider Activity:
Insiders traded SEAS stock several times over the past three months with 19 Buys and 4 Sells. In these transactions, 41,932 shares were bought while 48,946 shares were sold. The number of buy transactions has increased to 91 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 229,438 while 194,283 shares were sold.