SeaWorld Entertainment (SEAS) Stock Price Up 5.2%

SeaWorld Entertainment Inc (NYSE:SEAS)’s share price rose 5.2% on Thursday . The stock traded as high as $15.20 and last traded at $14.92. Approximately 6,419,294 shares changed hands during mid-day trading, an increase of 160% from the average daily volume of 2,468,549 shares. The stock had previously closed at $14.18.

SEAS has been the subject of several analyst reports. SunTrust Banks reissued a “buy” rating and issued a $16.00 target price on shares of SeaWorld Entertainment in a research note on Friday, November 10th. FBR & Co reissued a “hold” rating and issued a $14.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. B. Riley reissued a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. Finally, BidaskClub cut shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.73.

The stock has a market cap of $1,300.00, a price-to-earnings ratio of -6.57 and a beta of 0.73. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57.

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

A number of institutional investors have recently made changes to their positions in SEAS. Schwab Charles Investment Management Inc. lifted its holdings in shares of SeaWorld Entertainment by 6.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 613,150 shares of the company’s stock worth $9,976,000 after buying an additional 39,421 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of SeaWorld Entertainment by 3.4% during 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SeaWorld Entertainment by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock worth $9,591,000 after buying an additional 12,371 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of SeaWorld Entertainment by 2.1% during 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. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of SeaWorld Entertainment by 3.0% during 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 in the last quarter. 96.37% of the stock is owned by institutional investors and hedge funds.

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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.

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