SeaWorld Entertainment, Inc. (SEAS) Downgraded by BidaskClub

BidaskClub cut shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a sell rating to a strong sell rating in a research note issued to investors on Thursday, September 7th.

A number of other equities analysts also recently issued reports on the company. KeyCorp initiated coverage on SeaWorld Entertainment in a research report on Wednesday, August 30th. They set an overweight rating on the stock. Janney Montgomery Scott reaffirmed a buy rating and set a $25.00 price target on shares of SeaWorld Entertainment in a research report on Friday, June 16th. Goldman Sachs Group Inc raised SeaWorld Entertainment from a sell rating to a neutral rating and upped their price target for the stock from $14.44 to $16.00 in a research report on Tuesday, July 18th. FBR & Co upped their price target on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an outperform rating in a research report on Monday, May 15th. Finally, Barclays PLC reaffirmed an underweight rating and set a $17.00 price target (up from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. SeaWorld Entertainment currently has a consensus rating of Hold and a consensus target price of $17.55.

Shares of SeaWorld Entertainment (NYSE SEAS) opened at 12.15 on Thursday. The firm’s market capitalization is $1.04 billion. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The stock’s 50 day moving average price is $13.19 and its 200 day moving average price is $15.99.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. The business had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. Equities research analysts expect that SeaWorld Entertainment will post ($1.42) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/seaworld-entertainment-inc-seas-cut-to-strong-sell-at-bidaskclub/1620447.html.

In related news, major shareholder Hill Path Capital Partners Lp purchased 417,942 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- purchased 19,600 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of $15.25 per share, with a total value of $298,900.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,556,869 shares of company stock valued at $20,621,255. Insiders own 3.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SEAS. Hill Path Capital LP raised its holdings in SeaWorld Entertainment by 172.8% in the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after acquiring an additional 7,616,675 shares during the last quarter. Renaissance Technologies LLC raised its holdings in SeaWorld Entertainment by 162.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,018,016 shares of the company’s stock valued at $18,599,000 after acquiring an additional 630,016 shares during the last quarter. Rutabaga Capital Management LLC MA raised its holdings in SeaWorld Entertainment by 76.2% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock valued at $17,529,000 after acquiring an additional 414,821 shares during the last quarter. Penn Capital Management Co. Inc. raised its holdings in SeaWorld Entertainment by 39.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,069,752 shares of the company’s stock valued at $17,554,000 after acquiring an additional 302,965 shares during the last quarter. Finally, Strs Ohio raised its holdings in SeaWorld Entertainment by 27.0% in the 2nd quarter. Strs Ohio now owns 1,175,000 shares of the company’s stock valued at $19,117,000 after acquiring an additional 250,000 shares during the last quarter. Institutional investors own 89.33% of the company’s stock.

SeaWorld Entertainment Company Profile

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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.