Macquarie Reiterates “$13.00” Price Target for SeaWorld Entertainment Inc. (SEAS)
SeaWorld Entertainment Inc. (NYSE:SEAS) has been given a $13.00 price target by equities researchers at Macquarie in a research note issued on Tuesday. The brokerage presently has a a “hold” rating on the stock. Macquarie’s target price indicates a potential upside of 7.26% from the stock’s current price.
A number of other equities analysts have also weighed in on the company. Bank of America Corp. reiterated a “sell” rating and set a $16.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday. FBR & Co reiterated an “outperform” rating and set a $15.00 price objective on shares of SeaWorld Entertainment in a research note on Tuesday. Dougherty & Co reduced their price objective on SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, September 2nd. Citigroup Inc. reduced their price objective on SeaWorld Entertainment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 16th. Finally, Barclays PLC set a $12.00 price objective on SeaWorld Entertainment and gave the company an “underweight” rating in a research note on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. SeaWorld Entertainment presently has an average rating of “Hold” and a consensus price target of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 1.07% during trading on Tuesday, reaching $12.25. The company had a trading volume of 1,346,074 shares. The stock’s 50-day moving average price is $13.05 and its 200-day moving average price is $16.45. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $21.85. The company has a market capitalization of $1.04 billion, a PE ratio of 50.41 and a beta of 0.60.
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SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The company earned $371.10 million during the quarter, compared to analysts’ expectations of $377.19 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that SeaWorld Entertainment will post $0.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is currently 381.84%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of SeaWorld Entertainment during the second quarter valued at $740,000. Royal Bank of Canada boosted its position in shares of SeaWorld Entertainment by 644.5% in the second quarter. Royal Bank of Canada now owns 26,489 shares of the company’s stock valued at $380,000 after buying an additional 22,931 shares in the last quarter. Cove Street Capital LLC boosted its position in shares of SeaWorld Entertainment by 74.1% in the second quarter. Cove Street Capital LLC now owns 991,186 shares of the company’s stock valued at $14,204,000 after buying an additional 421,744 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of SeaWorld Entertainment by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 399,981 shares of the company’s stock valued at $5,732,000 after buying an additional 17,370 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of SeaWorld Entertainment by 15.9% in the second quarter. Legal & General Group Plc now owns 56,581 shares of the company’s stock valued at $808,000 after buying an additional 7,777 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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