SeaWorld Entertainment Inc (NYSE:SEAS) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.22.
SEAS has been the subject of several research reports. Zacks Investment Research lowered shares of SeaWorld Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Citigroup increased their price target on shares of SeaWorld Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Macquarie lowered shares of SeaWorld Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research note on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target (up from $17.00) on shares of SeaWorld Entertainment in a research note on Wednesday, February 28th. Finally, B. Riley reiterated a “hold” rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a research note on Friday, December 8th.
SeaWorld Entertainment (NYSE SEAS) opened at $14.56 on Friday. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.47 and a quick ratio of 0.35. The stock has a market cap of $1,320.00, a PE ratio of -6.09 and a beta of 0.83. SeaWorld Entertainment has a 12 month low of $10.42 and a 12 month high of $19.24.
In other news, major shareholder Hill Path Capital Partners Co- acquired 409,900 shares of SeaWorld Entertainment stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of $14.63 per share, for a total transaction of $5,996,837.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. FDx Advisors Inc. bought a new stake in SeaWorld Entertainment during the 3rd quarter valued at about $504,000. Sterling Capital Management LLC increased its stake in SeaWorld Entertainment by 22,754.8% during the 3rd quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock valued at $38,980,000 after purchasing an additional 2,987,705 shares in the last quarter. Bank of New York Mellon Corp increased its stake in SeaWorld Entertainment by 14.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 673,628 shares of the company’s stock valued at $8,750,000 after purchasing an additional 84,129 shares in the last quarter. State Street Corp increased its stake in SeaWorld Entertainment by 6.6% during the 2nd quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after purchasing an additional 80,617 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in SeaWorld Entertainment by 2,066.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock valued at $31,384,000 after purchasing an additional 2,304,523 shares in the last quarter. Institutional investors and hedge funds own 96.32% of the company’s stock.
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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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