Seaworld Entertainment Trading Down 2.5% on Insider Selling (SEAS)
Seaworld Entertainment (NASDAQ:SEAS)’s share price fell 2.5% during trading on Tuesday following insider selling activity, American Banking and Market News reports. The stock traded as low as $28.79 and last traded at $28.87, with a volume of 1,914,535 shares changing hands. The stock had previously closed at $29.60.
Specifically, Insider George Anthony Taylor unloaded 2,339 shares of Seaworld Entertainment stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $30.36, for a total transaction of $71,012.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SEAS shares. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.67.
The stock’s 50-day moving average is $30.41 and its 200-day moving average is $31.03. The company has a market cap of $2.553 billion and a price-to-earnings ratio of 64.21.
Seaworld Entertainment (NASDAQ:SEAS) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Analysts expect that Seaworld Entertainment will post $1.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 20th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Seaworld Entertainment’s previous quarterly dividend of $0.20.
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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