Seaworld Entertainment Insider Sells $30,050 in Stock (SEAS)
Seaworld Entertainment (NASDAQ:SEAS) Insider Brad Andrews unloaded 1,000 shares of Seaworld Entertainment stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $30.05, for a total value of $30,050.00. Following the transaction, the insider now directly owns 162,447 shares of the company’s stock, valued at approximately $4,881,532. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Seaworld Entertainment (NASDAQ:SEAS) opened at 29.98 on Thursday. Seaworld Entertainment has a 52-week low of $27.48 and a 52-week high of $39.19. The stock’s 50-day moving average is $30.5 and its 200-day moving average is $31.02. The company has a market cap of $2.651 billion and a P/E ratio of 64.06.
Seaworld Entertainment (NASDAQ:SEAS) last announced its earnings results on Wednesday, May 14th. The company reported ($0.56) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.47) by $0.09. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $217.51 million. Seaworld Entertainment’s revenue was down 11.0% compared to the same quarter last year. On average, analysts predict that Seaworld Entertainment will post $1.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, June 18th. This is a positive change from Seaworld Entertainment’s previous quarterly dividend of $0.20.
SEAS has been the subject of a number of recent research reports. Analysts at Longbow Research initiated coverage on shares of Seaworld Entertainment in a research note on Thursday, June 5th. They set a “neutral” rating on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Seaworld Entertainment in a research note on Friday, May 16th. They now have a $40.00 price target on the stock, down previously from $41.00. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $38.67.
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world.
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