SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by research analysts at TheStreet from a “c-” rating to a “d” rating in a research note issued to investors on Tuesday.
SEAS has been the subject of a number of other research reports. BidaskClub upgraded SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Janney Montgomery Scott reiterated a “buy” rating and issued a $25.00 price target on shares of SeaWorld Entertainment in a report on Friday, June 16th. Stifel Nicolaus began coverage on SeaWorld Entertainment in a report on Thursday, April 20th. They issued a “buy” rating and a $23.00 price target for the company. FBR & Co lowered SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a report on Thursday, August 3rd. Finally, Macquarie lowered SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $15.00 in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.75.
SeaWorld Entertainment (SEAS) opened at 12.78 on Tuesday. The stock has a 50 day moving average price of $14.95 and a 200 day moving average price of $17.17. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 113.10 and a beta of 0.73. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.77. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a positive return on equity of 20.65% and a negative net margin of 13.95%. SeaWorld Entertainment’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Analysts anticipate that SeaWorld Entertainment will post ($0.21) earnings per share for the current fiscal year.
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In other SeaWorld Entertainment news, major shareholder Hill Path Holdings Llc acquired 250,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $18.49 per share, with a total value of $4,622,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter J. Crage sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.20, for a total transaction of $54,600.00. Following the completion of the transaction, the chief financial officer now directly owns 275,435 shares of the company’s stock, valued at approximately $5,012,917. The disclosure for this sale can be found here. Insiders purchased 3,339,675 shares of company stock valued at $59,861,537 in the last three months. 3.40% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position 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 increased its position 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 increased its position 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. increased its position 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 increased its position 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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