Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 7,117,104 shares of the company’s stock after selling 484,496 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.08% of SeaWorld Entertainment worth $96,580,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of SEAS. Parametrica Management Ltd purchased a new stake in SeaWorld Entertainment during the 4th quarter valued at approximately $142,000. Quantbot Technologies LP purchased a new position in shares of SeaWorld Entertainment during the 3rd quarter worth approximately $185,000. Sterling Capital Management LLC purchased a new position in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $214,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of SeaWorld Entertainment during the 4th quarter worth approximately $262,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of SeaWorld Entertainment during the 4th quarter worth approximately $285,000. 96.50% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on SEAS. ValuEngine downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded SeaWorld Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. B. Riley reissued a “hold” rating and set a $14.00 target price on shares of SeaWorld Entertainment in a research note on Friday, December 8th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday, November 10th. Finally, SunTrust Banks reissued a “buy” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.73.
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SeaWorld Entertainment Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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