SeaWorld Entertainment (SEAS) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a strong sell rating to a sell rating in a research report released on Friday, November 10th.

Several other equities analysts have also recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of SeaWorld Entertainment from $16.00 to $15.00 and set a buy rating for the company in a research note on Wednesday, November 8th. B. Riley reaffirmed a neutral rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of SeaWorld Entertainment from a buy rating to a sell rating in a research report on Thursday, October 19th. Janney Montgomery Scott reiterated a buy rating on shares of SeaWorld Entertainment in a research report on Friday, October 6th. Finally, FBR & Co reiterated a hold rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $15.82.

Shares of SeaWorld Entertainment (NYSE SEAS) traded up $0.46 during trading on Friday, reaching $11.62. 2,268,500 shares of the company were exchanged, compared to its average volume of 2,179,501. The company has a market capitalization of $976.71, a P/E ratio of 11.61 and a beta of 0.73. SeaWorld Entertainment has a 12 month low of $10.42 and a 12 month high of $20.13. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million during the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. equities research analysts predict that SeaWorld Entertainment will post -2.27 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in SeaWorld Entertainment during the 2nd quarter valued at about $499,000. Alpha Windward LLC purchased a new position in SeaWorld Entertainment during the 2nd quarter valued at about $403,000. Hill Path Capital LP increased its position in SeaWorld Entertainment by 12.9% during the 3rd quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after purchasing an additional 1,556,869 shares during the period. FDx Advisors Inc. purchased a new position in SeaWorld Entertainment during the 3rd quarter valued at about $504,000. Finally, State of New Jersey Common Pension Fund D increased its position in SeaWorld Entertainment by 7.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after purchasing an additional 200,000 shares during the period. Institutional investors own 96.35% of the company’s stock.

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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)

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