SeaWorld Entertainment Inc. (SEAS) Given Sell Rating at Bank of America Corp.
SeaWorld Entertainment Inc. (NYSE:SEAS)‘s stock had its “sell” rating restated by analysts at Bank of America Corp. in a research report issued on Wednesday. They presently have a $16.00 price objective on the stock. Bank of America Corp.’s price objective indicates a potential upside of 32.01% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. FBR & Co dropped their price target on shares of SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Janney Montgomery Scott reissued a “neutral” rating and issued a $14.50 target price (down previously from $19.00) on shares of SeaWorld Entertainment in a research report on Monday, August 8th. KeyCorp dropped their target price on shares of SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 8th. Wedbush reissued a “neutral” rating and issued a $16.00 target price (down previously from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Finally, Zacks Investment Research downgraded shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.06.
SeaWorld Entertainment (NYSE:SEAS) traded up 1.65% on Wednesday, reaching $12.32. 1,089,775 shares of the company traded hands. The company has a market capitalization of $1.05 billion, a P/E ratio of 50.70 and a beta of 0.60. The company has a 50-day moving average price of $13.05 and a 200-day moving average price of $16.45. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85.
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SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The firm had revenue of $371.10 million for the quarter, compared to the consensus estimate of $377.19 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that SeaWorld Entertainment will post $0.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, September 27th. SeaWorld Entertainment’s payout ratio is 381.84%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in SeaWorld Entertainment by 3.2% in the second quarter. Vanguard Group Inc. now owns 4,938,949 shares of the company’s stock worth $70,775,000 after buying an additional 153,505 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SeaWorld Entertainment by 20.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,580,293 shares of the company’s stock worth $36,975,000 after buying an additional 433,674 shares during the period. Lord Abbett & CO. LLC increased its stake in SeaWorld Entertainment by 6.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,232,983 shares of the company’s stock worth $31,999,000 after buying an additional 135,402 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in SeaWorld Entertainment by 45.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,899,095 shares of the company’s stock worth $27,214,000 after buying an additional 590,133 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in SeaWorld Entertainment by 1,114.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,700,000 shares of the company’s stock worth $24,361,000 after buying an additional 1,560,000 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.
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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