SeaWorld Entertainment, Inc. (NYSE:SEAS) was upgraded by investment analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a report released on Friday, July 28th, Marketbeat reports. The brokerage presently has a $15.00 target price on the stock. Citigroup Inc.’s target price would suggest a potential upside of 17.55% from the company’s current price.
Several other equities analysts have also recently weighed in on SEAS. Macquarie cut shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $15.00 in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research note on Friday, July 14th. BidaskClub cut shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. ValuEngine upgraded shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.23.
SeaWorld Entertainment (NYSE:SEAS) traded down 6.25% during midday trading on Friday, reaching $12.76. 13,248,997 shares of the company traded hands. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The stock has a market capitalization of $1.09 billion, a P/E ratio of 112.92 and a beta of 0.73. The company has a 50 day moving average of $15.21 and a 200-day moving average of $17.31.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The firm had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that SeaWorld Entertainment will post $0.66 EPS for the current fiscal year.
In related news, major shareholder Hill Path Capital Partners Lp purchased 54,500 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was bought at an average cost of $15.54 per share, for a total transaction of $846,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- purchased 64,300 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average price of $15.52 per share, with a total value of $997,936.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,540,475 shares of company stock valued at $63,638,585. 3.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Hill Path Capital LP increased its stake in shares of SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after buying an additional 7,616,675 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of SeaWorld Entertainment by 2,126.8% in the second quarter. BNP Paribas Arbitrage SA now owns 41,708 shares of the company’s stock worth $679,000 after buying an additional 39,835 shares in the last quarter. Legal & General Group Plc increased its stake in shares of SeaWorld Entertainment by 2.1% in the second quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock worth $1,323,000 after buying an additional 1,656 shares in the last quarter. Bank of New York Mellon Corp increased its stake in SeaWorld Entertainment by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock valued at $9,591,000 after buying an additional 12,371 shares during the period. Finally, Olstein Capital Management L.P. increased its stake in SeaWorld Entertainment by 24.5% in the second quarter. Olstein Capital Management L.P. now owns 766,940 shares of the company’s stock valued at $12,478,000 after buying an additional 151,090 shares during the period.
About SeaWorld Entertainment
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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