A number of other equities analysts have also issued reports on SEAS. BidaskClub lowered shares of SeaWorld Entertainment from a sell rating to a strong sell rating in a research report on Wednesday, June 14th. Stifel Nicolaus reissued a buy rating and set a $23.00 price target on shares of SeaWorld Entertainment in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and raised their price objective for the stock from $14.44 to $16.00 in a research note on Tuesday, July 18th. Macquarie cut shares of SeaWorld Entertainment from an outperform rating to a neutral rating and dropped their price target for the company from $22.00 to $15.00 in a research note on Thursday, July 27th. Finally, Citigroup Inc. raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and set a $15.00 price target on the stock in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. SeaWorld Entertainment presently has an average rating of Hold and an average target price of $16.45.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at 12.31 on Friday. SeaWorld Entertainment has a 52 week low of $11.10 and a 52 week high of $20.13. The company’s market cap is $1.06 billion. The company has a 50 day moving average of $12.87 and a 200 day moving average of $15.22.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.77. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. SeaWorld Entertainment’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. On average, analysts expect that SeaWorld Entertainment will post ($2.07) EPS for the current year.
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In related news, major shareholder Hill Path Capital Partners Lp acquired 337,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of $13.32 per share, with a total value of $4,488,840.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,472,969 shares of company stock valued at $19,324,419. 3.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. acquired a new position in shares of SeaWorld Entertainment during the third quarter worth about $332,000. Public Employees Retirement System of Ohio boosted its holdings in SeaWorld Entertainment by 10.9% in the second quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after purchasing an additional 13,437 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its holdings in SeaWorld Entertainment by 13.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after purchasing an additional 133,037 shares in the last quarter. Sterling Capital Management LLC acquired a new position in SeaWorld Entertainment in the second quarter valued at approximately $214,000. Finally, Walthausen & Co. LLC boosted its holdings in SeaWorld Entertainment by 6.4% in the second quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after purchasing an additional 65,351 shares in the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.
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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