Filing Summary: Seaworld Entertainment, Inc: Ivory Cove Ltd Opened Big New Position

Filing Summary: Seaworld Entertainment, Inc: Ivory Cove Ltd Opened Big New Position

The New Ivory Cove Ltd Holding in Seaworld Entertainment, Inc

Ivory Cove Ltd filed with the SEC SC 13D form for Seaworld Entertainment, Inc. The form can be accessed here: 000119312516727682. As reported in Ivory Cove Ltd’s form, the filler as of late owns 5.2% or 4,629,486 shares of the Services–company.

Seaworld Entertainment, Inc stake is a new one for the and it was filed because of activity on September 20, 2016. We feel this shows Ivory Cove Ltd’s positive view for the stock.

Reasons Why Ivory Cove Ltd Bought – Seaworld Entertainment, Inc Stock

Item4. Purpose of Transaction

The Reporting Persons acquired the shares of Common Stock for investment purposes in the ordinary course of business.

The Reporting Persons have engaged in conversations with the Issuer and its representatives with respect to the business of the Issuer and theIssuer’s management and board of directors.

The Reporting Persons may seek to engage in further conversations with the Issuer andits representatives and other stockholders of the Issuer and other interested parties that may relate to, among other things, the business of the Issuer and the Issuer’s management and board of directors. Other than as disclosed herein, theReporting Persons currently have no plans or proposals that relate to, or would result in, any of the matters described in subsections (a)through (j)of Item4 of Schedule 13D.

The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including, withoutlimitation, the Issuer’s financial position and strategic direction, actions taken by the Issuer’s board of directors, price levels of the shares of Common Stock, conditions in the securities market and general economic and industryconditions, the Reporting Persons may in the future take actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or selling some or all of theirshares of Common Stock, and/or engaging in hedging or similar transactions with respect to the Common Stock.

Seaworld Entertainment, Inc Institutional Sentiment

Latest Security and Exchange filings show 155 investors own Seaworld Entertainment, Inc. The institutional ownership in Q3 2015 is high, at 93.34% of the outstanding shares. This is decreased by 1358575 the total institutional shares. 82944522 were the shares owned by these institutional investors. In total 23 funds opened new Seaworld Entertainment, Inc stakes, 54 increased stakes. There were 40 that closed positions and 63 reduced them.

4 managers had the stock in their top Ten. Notable investors are: Marathon Partners Equity Management Llc, Blackstone Group L.P…

Pathstone Family Office Llc is an institutional investor bullish on Seaworld Entertainment, Inc, owning 600 shares as of Q3 2015 for 0.03% of its portfolio. Roger Keith Long Otter Creek Management Inc owns 73923 shares or 1.22% of its portfolio. CA Cove Street Capital Llc have 1.61% of their stock portfolio for 683720 shares. Further, Gmt Capital Corp reported stake worth 1.53% of its US stock portfolio. The NJ Advisors Capital Management Llc owns 539691 shares. Seaworld Entertainment, Inc is 1.05% of the manager’s US portfolio.

Business Profile

SeaWorld Entertainment, Inc. is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range 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).

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.19, from 1.01 in 2016Q1. The ratio is positive, as 31 funds sold all SeaWorld Entertainment Inc shares owned while 40 reduced positions. 33 funds bought stakes while 52 increased positions. They now own 83.33 million shares or 15.73% more from 72.00 million shares in 2016Q1.

Salzhauer Michael, a New York-based fund reported 10,000 shares. Peak6 Lp has invested 0.05% of its portfolio in SeaWorld Entertainment Inc (NYSE:SEAS). The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.54% in SeaWorld Entertainment Inc (NYSE:SEAS). Susquehanna Gru Llp owns 2.46 million shares or 0.02% of their US portfolio. Blackstone Grp Inc Lp accumulated 1.29% or 19.50M shares. Dimensional Fund L P has 2.58 million shares for 0.02% of their US portfolio. Jpmorgan Chase Communication reported 100 shares or 0% of all its holdings. Mycio Wealth Prns Limited Liability Com accumulated 184 shares or 0% of the stock. State Bank Of New York Mellon holds 0% or 985,138 shares in its portfolio. Cambridge Advsr holds 0.01% or 28,007 shares in its portfolio. Wealthtrust holds 0% of its portfolio in SeaWorld Entertainment Inc (NYSE:SEAS) for 35 shares. Lpl Financial Limited Company accumulated 22,082 shares or 0% of the stock. Ameriprise Financial Incorporated accumulated 203,477 shares or 0% of the stock. Goldman Sachs Incorporated reported 219,493 shares or 0% of all its holdings. Schwab Charles Invest Mgmt has 0.01% invested in the company for 399,981 shares.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 1 sale for $25,256 net activity. Reilly John T also sold $25,256 worth of SeaWorld Entertainment Inc (NYSE:SEAS) shares.

Analysts await SeaWorld Entertainment Inc (NYSE:SEAS) to report earnings on November, 3. They expect $1.11 EPS, down 2.63% or $0.03 from last year’s $1.14 per share. SEAS’s profit will be $98.40M for 3.18 P/E if the $1.11 EPS becomes a reality. After $0.21 actual EPS reported by SeaWorld Entertainment Inc for the previous quarter, Wall Street now forecasts 428.57% EPS growth.

About 947,918 shares traded hands. SeaWorld Entertainment Inc (NYSE:SEAS) has declined 25.48% since February 29, 2016 and is downtrending. It has underperformed by 37.70% the S&P500.

SeaWorld Entertainment, Inc. is a theme park and entertainment company. The company has a market cap of $1.25 billion. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a 66.01 P/E ratio. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States.

SeaWorld Entertainment Inc (NYSE:SEAS) Ratings Coverage

Out of 11 analysts covering SeaWorld Entertainment Inc (NYSE:SEAS), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. $27 is the highest target while $5.50 is the lowest. The $14.19 average target is 0.64% above today’s ($14.1) stock price. SeaWorld Entertainment Inc has been the topic of 19 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Wedbush maintained the stock with “Neutral” rating in Monday, June 27 report. The stock has “Outperform” rating given by FBR Capital on Tuesday, December 22. Citigroup downgraded the stock to “Neutral” rating in Friday, April 15 report. As per Friday, November 6, the company rating was downgraded by Goldman Sachs. The company was maintained on Tuesday, August 16 by Barclays Capital. On Thursday, September 22 the stock rating was upgraded by Citigroup to “Buy”. On Friday, February 26 the stock rating was maintained by Barclays Capital with “Underweight”. The stock of SeaWorld Entertainment Inc (NYSE:SEAS) has “Neutral” rating given on Tuesday, August 16 by Citigroup. The stock has “Buy” rating given by Citigroup on Monday, September 14. The stock of SeaWorld Entertainment Inc (NYSE:SEAS) has “Neutral” rating given on Thursday, August 11 by Credit Suisse.

More notable recent SeaWorld Entertainment Inc (NYSE:SEAS) news were published by: Reuters.com which released: “BRIEF-Ivory Cove Ltd reports 5.2 percent stake in Seaworld Entertainment I…” on September 30, 2016, also Prnewswire.com with their article: “SeaWorld Entertainment, Inc. Announces Quarterly Dividend of $0.10 per Share …” published on September 19, 2016, Fool.com published: “Why Seaworld Entertainment Inc’s Shares Plunged 16% in August” on September 06, 2016. More interesting news about SeaWorld Entertainment Inc (NYSE:SEAS) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Deutsche Bank Contingent, Royal Caribbean Cruises and …” published on September 23, 2016 as well as Wsj.com‘s news article titled: “SeaWorld Shifts to Educational Entertainment, Adds Virtual-Reality Ride” with publication date: September 27, 2016.

According to Zacks Investment Research, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida.”

SEAS Company Profile

SeaWorld Entertainment, Inc., incorporated on October 2, 2009, is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. The Company’s theme parks feature a range of rides, shows and other attractions. The Firm 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 Firm operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Firm also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment