BidaskClub downgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a buy rating and set a $23.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, July 14th. Janney Montgomery Scott reiterated a neutral rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a strong sell rating to a hold rating in a research note on Thursday, May 11th. B. Riley reiterated a market perform rating and set a $15.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of SeaWorld Entertainment from a sell rating to a neutral rating and set a $15.00 price objective on the stock in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. SeaWorld Entertainment currently has an average rating of Hold and a consensus price target of $17.50.
Shares of SeaWorld Entertainment (NYSE SEAS) traded down 1.13% during mid-day trading on Thursday, hitting $12.20. 1,770,466 shares of the stock traded hands. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. The company’s 50 day moving average is $13.56 and its 200 day moving average is $16.33. The firm’s market capitalization is $1.05 billion.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $395.24 million. During the same period last year, the firm earned $0.21 earnings per share. SeaWorld Entertainment’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that SeaWorld Entertainment will post ($1.35) EPS for the current fiscal year.
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In related news, major shareholder Hill Path Capital Partners Lp purchased 54,500 shares of SeaWorld Entertainment stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $15.54 per share, for a total transaction of $846,930.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of SeaWorld Entertainment stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,611,369 shares of company stock worth $21,468,185. 3.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of SeaWorld Entertainment by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after purchasing an additional 144 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in SeaWorld Entertainment by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after buying an additional 745 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SeaWorld Entertainment by 3.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after buying an additional 770 shares during the last quarter. Legal & General Group Plc raised its holdings in SeaWorld Entertainment by 1.7% in the 1st quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock valued at $1,458,000 after buying an additional 1,352 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in SeaWorld Entertainment by 1.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock valued at $3,015,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 89.34% 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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