SeaWorld Entertainment, Inc. (NYSE:SEAS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
SEAS has been the topic of several other research reports. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Janney Montgomery Scott restated a “buy” rating and issued a $25.00 target price on shares of SeaWorld Entertainment in a report on Friday, June 16th. Stifel Nicolaus assumed coverage on shares of SeaWorld Entertainment in a report on Thursday, April 20th. They issued a “buy” rating and a $23.00 target price on the stock. FBR & Co cut shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a report on Thursday, August 3rd. Finally, Macquarie cut shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and cut their price target for the company from $22.00 to $15.00 in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.75.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 12.78 on Thursday. The stock has a 50 day moving average of $14.95 and a 200-day moving average of $17.17. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 113.10 and a beta of 0.73. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the 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 20.65%. The firm had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue was up .7% on a year-over-year basis. Analysts forecast that SeaWorld Entertainment will post $0.65 earnings per share for the current year.
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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of $15.25 per share, for a total transaction of $298,900.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Lp bought 362,025 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $17.82 per share, for a total transaction of $6,451,285.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,339,675 shares of company stock worth $59,861,537. Company insiders own 3.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its stake in shares of SeaWorld Entertainment by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after buying an additional 770 shares during the period. Legal & General Group Plc boosted its stake in shares of SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after buying an additional 1,352 shares during the period. Rhumbline Advisers boosted its stake in shares of SeaWorld Entertainment by 3.4% in the second quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock worth $1,272,000 after buying an additional 2,541 shares during the period. American International Group Inc. boosted its stake in shares of SeaWorld Entertainment by 7.1% in the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock worth $753,000 after buying an additional 2,730 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of SeaWorld Entertainment by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 108,812 shares of the company’s stock worth $2,060,000 after buying an additional 2,882 shares during the period.
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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