Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SeaWorld Entertainment Inc. shares valued at $216,680 were sold by Swanson Marc on Sep 16. At $54.17 per share, Swanson Marc sold 4,000 shares. The insider’s holdings dropped to 166,129 shares worth approximately $8.21 million following the completion of this transaction.
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Also, Finazzo Christopher L. purchased 8,950 shares, netting a total of over 501,086 in proceeds. Following the buying of shares at $55.99 each, the insider now holds 72,221 shares.
Before that, Adams Michelle F had added 39,000 shares to its account. In a trade valued at $1,990,170, the insider bought SeaWorld Entertainment Inc. shares for $51.03 each. Upon closing the transaction, the insider’s holdings increased to 39,000 shares, worth approximately $3.72 million.
As published in a research note from KeyBanc Capital Markets on July 13, 2022, SeaWorld Entertainment Inc. [SEAS] has been rated down from an Overweight to a Sector weight. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in late April.
Analyzing SEAS’s Price Performance
On Thursday, SeaWorld Entertainment Inc. [NYSE: SEAS] plunged -4.87% to $49.39. The stock’s lowest price that day was $49.16, but it reached a high of $52.01 in the same session. During the last five days, there has been a drop of approximately -10.61%. Over the course of the year, SeaWorld Entertainment Inc. shares have dropped approximately -23.85%. Shares of the company reached a 52-week high of $76.57 on 04/21/22 and a 52-week low of $40.01 on 07/14/22. A 50-day SMA is recorded $50.97, while a 200-day SMA reached $58.64. Nevertheless, trading volume fell to 1.05 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for SeaWorld Entertainment Inc. (SEAS)
According to the 24-hour chart, there is a support level at 48.36, which, if violated, would cause prices to drop to 47.34. In the upper region, resistance lies at 51.21. The next price resistance is at 53.04. RSI (Relative Strength Index) is 40.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 97.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is SeaWorld Entertainment Inc. subject to short interest?
Stocks of SeaWorld Entertainment Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.23 million shares to 5.95 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.72 million shares. A jump of 3.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.01 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.01.
Which companies own the most shares of SeaWorld Entertainment Inc. (SEAS)?
According to Hill Path Capital LP filings, the company currently owns 27,205,306 shares, which is about 40.23% of the total SEAS shares outstanding. With the completion of the buy transaction, Nomura Securities Co., Ltd.’s stake is now worth $230,785,738. The Vanguard Group, Inc. reduced a -12.02% interest valued at $227.69 million while Barrow, Hanley, Mewhinney & Strau sold a -306,336 stake. A total of -255,508 shares of SeaWorld Entertainment Inc. were sold by BlackRock Fund Advisors during the quarter, and -552,898 were sold by Hood River Capital Management LLC. In its current portfolio, Arrowstreet Capital LP holds 1,191,840 shares valued at $59.89 million.
In terms of SeaWorld Entertainment Inc. share price expectations, FactSet research, analysts set an average price target of $72.00 in the next 12 months, up nearly 34.82% from the previous closing price of $51.92. Analysts anticipate SeaWorld Entertainment Inc. stock to reach $97.00 by 2022, with the lowest price target being $52.00. In spite of this, 11 analysts ranked SeaWorld Entertainment Inc. stock as an Overweight at the end of 2022. On November 17, 2021, Deutsche Bank assigned a price target of “a Buy” to the stock and initiated coverage with a $74.