SeaWorld Entertainment (NYSE:SEAS) Reaches New 52-Week High at $59.02

SeaWorld Entertainment, Inc. (NYSE:SEAS)’s stock price reached a new 52-week high on Friday . The company traded as high as $59.02 and last traded at $58.60, with a volume of 5797 shares traded. The stock had previously closed at $57.40.

A number of research firms have recently weighed in on SEAS. B. Riley upped their price target on shares of SeaWorld Entertainment from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. TheStreet cut shares of SeaWorld Entertainment from a “c-” rating to a “d+” rating in a research note on Monday, July 19th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, August 11th. Finally, Stifel Nicolaus increased their price objective on shares of SeaWorld Entertainment from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, July 15th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SeaWorld Entertainment currently has an average rating of “Buy” and an average price target of $52.09.

The company has a market capitalization of $4.69 billion, a PE ratio of -103.86 and a beta of 2.41. The stock’s fifty day simple moving average is $50.20 and its 200-day simple moving average is $51.31.

SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Thursday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $1.22. Research analysts expect that SeaWorld Entertainment, Inc. will post 3.05 EPS for the current fiscal year.

In other news, insider Christopher Dold sold 2,000 shares of the stock in a transaction dated Friday, July 30th. The shares were sold at an average price of $46.59, for a total transaction of $93,180.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marc Swanson sold 4,594 shares of the stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $56.01, for a total transaction of $257,309.94. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. The PNC Financial Services Group Inc. purchased a new position in shares of SeaWorld Entertainment during the 1st quarter worth about $34,000. O Shaughnessy Asset Management LLC purchased a new position in SeaWorld Entertainment in the first quarter valued at approximately $53,000. Harvest Fund Management Co. Ltd purchased a new position in SeaWorld Entertainment in the first quarter valued at approximately $58,000. Macquarie Group Ltd. raised its holdings in SeaWorld Entertainment by 338.0% in the second quarter. Macquarie Group Ltd. now owns 1,914 shares of the company’s stock valued at $96,000 after buying an additional 1,477 shares during the period. Finally, Convergence Investment Partners LLC purchased a new position in SeaWorld Entertainment in the second quarter valued at approximately $185,000.

About SeaWorld Entertainment (NYSE:SEAS)

SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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