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Seaworld Entertainment (NASDAQ:SEAS) dropped 4.6% during trading on Thursday following a dissappointing earnings announcement, ARN reports. The company traded as low as $17.85 and last traded at $18.04, with a volume of 9,088,811 shares. The stock had previously closed at $18.90.

The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.16. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $445.29 million.

SEAS has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of Seaworld Entertainment from an “overweight” rating to an “underweight” rating in a research note on Thursday. They now have a $40.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Seaworld Entertainment in a research note on Thursday. They now have a $21.00 price target on the stock, down previously from $34.00. Finally, analysts at Macquarie downgraded shares of Seaworld Entertainment from an “outperform” rating to a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.95.

The stock has a 50-day moving average of $27.95 and a 200-day moving average of $30.51. The company has a market cap of $1.591 billion and a P/E ratio of 41.00. Seaworld Entertainment also was the recipient of some unusual options trading activity on Tuesday. Traders purchased 565 put options on the company. This is an increase of approximately 247% compared to the average daily volume of 163 put options.

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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