In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Seaworld Entertainment Inc. (NYSE:SEAS) reported that Hill Path Capital Lp has picked up 5,024,464 of common stock as of 2017-06-06.
The acquisition brings the aggregate amount owned by Hill Path Capital Lp to a total of 5,024,464 representing less than 5.5% stake in the company.
For those not familiar with the company, 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. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). 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).
A glance at Seaworld Entertainment Inc. (NYSE:SEAS)’s key stats reveals a current market capitalization of 1.51 Billion based on 90.74 Million shares outstanding and a price at last close of $17.02 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-02, Hill picked up 11,225 at a purchase price of $17.74. This brings their total holding to 388,295 as of the date of the filing.
On the sell side, the most recent transaction saw Crage unload 3,000 shares at a sale price of $18.20. This brings their total holding to 275,435.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Seaworld Entertainment Inc. (NYSE:SEAS) as things move forward to see if its progress aligns with these transactions.
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