Zacks Investment Research Lowers SeaWorld Entertainment (NYSE:SEAS) to Hold


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SeaWorld Entertainment (NYSE:SEAS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “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 has been the subject of several other research reports. Smith Barney Citigroup upped their price objective on shares of SeaWorld Entertainment from $28.00 to $34.00 in a research note on Tuesday, December 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on SeaWorld Entertainment from $28.00 to $34.00 in a research report on Tuesday, December 1st. B. Riley boosted their price objective on SeaWorld Entertainment from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Finally, KeyCorp raised their target price on shares of SeaWorld Entertainment from $21.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, November 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.15.

Shares of NYSE:SEAS opened at $38.94 on Tuesday. The firm has a 50 day simple moving average of $32.27 and a 200-day simple moving average of $26.04. SeaWorld Entertainment has a twelve month low of $6.75 and a twelve month high of $40.66. The company has a current ratio of 1.60, a quick ratio of 1.50 and a debt-to-equity ratio of 220.00. The company has a market capitalization of $3.05 billion, a PE ratio of -10.47 and a beta of 2.37.

In related news, insider Christopher Dold sold 2,000 shares of the stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $33.00, for a total transaction of $66,000.00. Following the transaction, the insider now directly owns 127,715 shares in the company, valued at $4,214,595. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc Swanson sold 7,005 shares of the firm’s stock in a transaction dated Thursday, January 7th. The stock was sold at an average price of $33.00, for a total value of $231,165.00. Over the last 90 days, insiders sold 30,100 shares of company stock worth $951,817. 0.80% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Hall Laurie J Trustee grew its holdings in SeaWorld Entertainment by 65.6% in the fourth quarter. Hall Laurie J Trustee now owns 1,060 shares of the company’s stock valued at $33,000 after purchasing an additional 420 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of SeaWorld Entertainment by 47.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,369 shares of the company’s stock worth $43,000 after buying an additional 438 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of SeaWorld Entertainment by 243.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,470 shares of the company’s stock worth $49,000 after buying an additional 1,750 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of SeaWorld Entertainment in the 4th quarter worth $124,000. Finally, Great West Life Assurance Co. Can boosted its holdings in SeaWorld Entertainment by 31.1% in the third quarter. Great West Life Assurance Co. Can now owns 4,581 shares of the company’s stock valued at $90,000 after acquiring an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 97.81% of the company’s stock.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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