BidaskClub upgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a strong sell rating to a sell rating in a report issued on Thursday.
A number of other research analysts have also recently weighed in on SEAS. Stifel Nicolaus cut their price objective on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a buy rating on the stock in a research report on Wednesday, August 9th. FBR & Co cut shares of SeaWorld Entertainment from an outperform rating to a market perform rating and cut their price objective for the company from $20.00 to $15.00 in a research report on Wednesday, August 9th. Barclays PLC cut their price objective on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating on the stock in a research report on Friday, August 11th. ValuEngine upgraded shares of SeaWorld Entertainment from a hold rating to a buy rating in a research report on Thursday, August 10th. Finally, B. Riley reiterated a market perform rating and set a $15.00 price objective on shares of SeaWorld Entertainment in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. SeaWorld Entertainment has an average rating of Hold and an average price target of $16.70.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at 13.29 on Thursday. The firm’s 50-day moving average is $12.94 and its 200 day moving average is $15.52. The stock’s market cap is $1.14 billion. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating 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 business had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that SeaWorld Entertainment will post ($1.72) EPS for the current year.
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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $12.67 per share, with a total value of $4,469,976.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was acquired 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. Insiders have bought 1,472,969 shares of company stock valued at $19,324,419 over the last three months. Insiders own 3.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in SeaWorld Entertainment in the second quarter worth about $499,000. Alpha Windward LLC purchased a new stake in SeaWorld Entertainment in the second quarter worth about $403,000. Hill Path Capital LP lifted its stake in 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 acquiring an additional 7,616,675 shares during the period. Gotham Asset Management LLC purchased a new stake in SeaWorld Entertainment in the first quarter worth about $4,518,000. Finally, Parametric Portfolio Associates LLC lifted its stake in SeaWorld Entertainment by 5.9% in the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock worth $6,721,000 after acquiring an additional 20,491 shares during the period. 89.33% of the stock is owned by institutional investors.
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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