Thursday, August 10, 2017 10:15 PM ET
Insider Buying at Seaworld Entertainment (SEAS) is Significant and Extends Trend of Last Quarter
There were significant insider purchases of Seaworld Entertainment shares today, as disclosed in filings with the SEC as two insiders — Hill Path Capital Partners Lp, 10% Owner, and Hill Path Capital Partners Co-Investment S Lp, 10% Owner — purchased 705,600 shares in the company having a net market value of approximately $8,943,119. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 6,068,950 company shares and the sale of 3,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 6,771,550 shares and have averaged 1,129,592 shares per transaction over this time period.
The level of buy/sell trading at Seaworld Entertainment is is lower than the 3 peer company average over the last 90-day period. The Amusement Parks and Zoos peer group saw 22 buy/sell trades during this period for an average of 7.3 transactions per company. However, the number of shares per buy/sell trade for Seaworld Entertainment is higher. Within the peer group there were 6,068,950 shares purchased and 39,100 shares sold with company insiders acquiring 1,205,970 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
Today’s Insider Activity
* Hill Path Capital Partners Lp, 10% Owner, bought 352,800 shares
* Hill Path Capital Partners Co-Investment S Lp, 10% Owner, bought 352,800 shares
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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