SeaWorld Entertainment Inc (NYSE:SEAS) saw a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 9,890,000 shares, a growth of 9.8% from the November 14th total of 9,010,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is presently 7.5 days. Currently, 12.7% of the company’s shares are short sold.
NYSE:SEAS opened at $31.59 on Friday. SeaWorld Entertainment has a 52 week low of $21.36 and a 52 week high of $34.72. The company has a quick ratio of 0.34, a current ratio of 0.44 and a debt-to-equity ratio of 6.95. The company has a market capitalization of $2.38 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.97 and a beta of 1.24. The stock’s fifty day moving average is $28.78 and its two-hundred day moving average is $29.58.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Thursday, November 7th. The company reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.15). SeaWorld Entertainment had a net margin of 7.43% and a return on equity of 52.78%. The business had revenue of $473.70 million during the quarter, compared to analysts’ expectations of $488.84 million. During the same quarter in the prior year, the firm earned $1.10 EPS. SeaWorld Entertainment’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that SeaWorld Entertainment will post 1.45 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC purchased a new stake in SeaWorld Entertainment in the third quarter valued at $25,000. Acadian Asset Management LLC raised its holdings in shares of SeaWorld Entertainment by 407.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock valued at $41,000 after buying an additional 1,051 shares during the period. Advisors Preferred LLC purchased a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at $68,000. Resources Investment Advisors LLC. purchased a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at $71,000. Finally, Signaturefd LLC raised its holdings in shares of SeaWorld Entertainment by 45.5% in the 2nd quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock valued at $99,000 after buying an additional 1,000 shares during the period.
A number of research firms have weighed in on SEAS. ValuEngine raised SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Stifel Nicolaus set a $37.00 price objective on SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Thursday, October 10th. B. Riley reissued a “buy” rating and set a $37.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday, December 4th. Goldman Sachs Group set a $37.00 price objective on SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America set a $22.00 price objective on SeaWorld Entertainment and gave the stock a “sell” rating in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. SeaWorld Entertainment has an average rating of “Buy” and a consensus target price of $32.10.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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