Insider Selling: SeaWorld Entertainment Insider Sells 2,000 Shares of Stock (SEAS)
SeaWorld Entertainment (NASDAQ:SEAS) Insider Scott Helmstedter sold 2,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $20.48, for a total value of $40,960.00. Following the sale, the insider now directly owns 151,637 shares in the company, valued at approximately $3,105,526. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SeaWorld Entertainment (NASDAQ:SEAS) traded up 1.86% during mid-day trading on Wednesday, hitting $20.85. 3,878,772 shares of the company’s stock traded hands. SeaWorld Entertainment has a 1-year low of $17.83 and a 1-year high of $35.30. The stock has a 50-day moving average of $25.63 and a 200-day moving average of $29.65. The company has a market cap of $1.808 billion and a price-to-earnings ratio of 19.35.
SeaWorld Entertainment (NASDAQ:SEAS) last released its earnings data on Wednesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that SeaWorld Entertainment will post $0.84 EPS for the current fiscal year.
A number of research firms have recently commented on SEAS. Analysts at FBR Capital Markets upgraded shares of SeaWorld Entertainment from a “market perform” rating to an “outperform” rating in a research note on Friday, August 22nd. They now have a $26.00 price target on the stock, up previously from $21.00. Separately, analysts at Credit Agricole initiated coverage on shares of SeaWorld Entertainment in a research note on Monday, August 18th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of SeaWorld Entertainment in a research note on Monday, August 18th. They set an “outperform” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.59.
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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