Zacks Investment Research upgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a hold rating to a buy rating in a research report sent to investors on Wednesday, October 18th. The brokerage currently has $14.00 price objective on the stock.
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. “
Several other equities analysts have also commented on the stock. Janney Montgomery Scott reiterated a buy rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. FBR & Co reissued a hold rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $12.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. BidaskClub raised SeaWorld Entertainment from a strong sell rating to a sell rating in a report on Thursday, October 5th. Finally, Citigroup Inc. reissued a neutral rating and issued a $14.00 price objective (down from $15.00) on shares of SeaWorld Entertainment in a report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $16.45.
SeaWorld Entertainment (NYSE:SEAS) traded down $0.02 during midday trading on Wednesday, reaching $11.19. 3,760,027 shares of the company’s stock were exchanged, compared to its average volume of 3,300,000. SeaWorld Entertainment has a 52 week low of $10.83 and a 52 week high of $20.13. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.39 and a quick ratio of 0.29. The firm has a market capitalization of $1,030.00, a PE ratio of 10.57 and a beta of 0.73.
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 the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million for the quarter, compared to analyst estimates of $395.24 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts anticipate that SeaWorld Entertainment will post -2.08 EPS for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Insiders have acquired 1,472,969 shares of company stock valued at $19,324,419 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC purchased a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $214,000. OLD National Bancorp IN purchased a new stake in shares of SeaWorld Entertainment during the 3rd quarter worth approximately $316,000. Alpha Windward LLC purchased a new position in SeaWorld Entertainment in the 2nd quarter valued at approximately $403,000. First Trust Advisors LP grew its stake in SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in SeaWorld Entertainment in the 1st quarter valued at approximately $466,000. Institutional investors own 91.55% 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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