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.
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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.
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