SeaWorld Entertainment Inc (SEAS) Earns Buy Rating from Stifel Nicolaus
SeaWorld Entertainment Inc (NYSE:SEAS)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a report released on Wednesday. They currently have a $23.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 25.34% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Janney Montgomery Scott restated a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, May 10th. SunTrust Banks, Inc. initiated coverage on shares of SeaWorld Entertainment in a report on Wednesday, April 12th. They set a “buy” rating and a $22.00 price target on the stock. Goldman Sachs Group Inc initiated coverage on shares of SeaWorld Entertainment in a report on Thursday, April 6th. They set a “sell” rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, FBR & Co reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, March 27th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.78.
SeaWorld Entertainment (NYSE:SEAS) traded down 1.08% on Wednesday, reaching $18.35. 1,162,266 shares of the company traded hands. The firm has a market cap of $1.57 billion, a P/E ratio of 162.39 and a beta of 0.69. The stock has a 50-day moving average price of $17.55 and a 200-day moving average price of $18.13. SeaWorld Entertainment has a 52-week low of $11.77 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.53) by $0.13. The firm had revenue of $186.40 million during the quarter, compared to analyst estimates of $205.59 million. SeaWorld Entertainment had a negative net margin of 0.87% and a positive return on equity of 6.17%. SeaWorld Entertainment’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Analysts anticipate that SeaWorld Entertainment will post $0.67 earnings per share for the current fiscal year.
In other SeaWorld Entertainment news, major shareholder Hill Path Holdings Llc bought 250,000 shares of SeaWorld Entertainment stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average cost of $18.49 per share, with a total value of $4,622,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 200,800 shares of SeaWorld Entertainment stock in a transaction on Wednesday, May 10th. The shares were acquired at an average cost of $18.81 per share, for a total transaction of $3,777,048.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,824,825 shares of company stock worth $33,380,194 over the last three months. Insiders own 3.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Credit Agricole S A purchased a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $100,000. Cantab Capital Partners LLP purchased a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $161,000. Ellington Management Group LLC purchased a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $269,000. Bayesian Capital Management LP purchased a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $310,000. Finally, Airain ltd purchased a new stake in SeaWorld Entertainment during the first quarter worth approximately $343,000. 91.42% of the stock is currently owned by institutional investors.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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