Zacks Investment Research Downgrades SeaWorld Entertainment Inc. (SEAS) to Sell
SeaWorld Entertainment Inc. (NYSE:SEAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
SEAS has been the topic of a number of other reports. Citigroup Inc. raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.77 to $14.00 in a research report on Thursday, September 22nd. They noted that the move was a valuation call. Bank of America Corp. reissued a “sell” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a research report on Wednesday, September 21st. Dougherty & Co decreased their target price on SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, September 2nd. Macquarie set a $13.00 target price on SeaWorld Entertainment and gave the stock a “hold” rating in a research report on Tuesday, September 20th. Finally, FBR & Co reissued an “outperform” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.07.
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SeaWorld Entertainment (NYSE:SEAS) opened at 13.60 on Wednesday. The firm’s 50-day moving average price is $13.32 and its 200-day moving average price is $15.70. 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 $1.16 billion, a price-to-earnings ratio of 55.97 and a beta of 0.58.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The business had revenue of $371.10 million for the quarter, compared to the consensus estimate of $377.19 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that SeaWorld Entertainment will post $0.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is presently 181.83%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pitcairn Co. bought a new position in SeaWorld Entertainment during the second quarter valued at $163,000. 1st Global Advisors Inc. bought a new position in SeaWorld Entertainment during the second quarter valued at $218,000. Nordea Investment Management AB boosted its position in SeaWorld Entertainment by 120.3% in the second quarter. Nordea Investment Management AB now owns 120,700 shares of the company’s stock valued at $1,730,000 after buying an additional 65,900 shares during the period. Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment during the second quarter valued at $144,000. Finally, BNP Paribas Arbitrage SA boosted its position in SeaWorld Entertainment by 20.2% in the second quarter. BNP Paribas Arbitrage SA now owns 53,354 shares of the company’s stock valued at $765,000 after buying an additional 8,948 shares during the period. Hedge funds and other institutional investors own 96.85% 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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