SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Monday.

A number of other brokerages have also recently commented on SEAS. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Janney Montgomery Scott reissued a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. Barclays PLC reissued an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of SeaWorld Entertainment in a research note on Monday, May 15th. FBR & Co boosted their target price on SeaWorld Entertainment from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.97.

SeaWorld Entertainment (NYSE:SEAS) traded down 0.75% during trading on Monday, hitting $14.48. The stock had a trading volume of 1,809,225 shares. The firm’s 50-day moving average price is $15.91 and its 200-day moving average price is $17.62. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 128.14 and a beta of 0.75. SeaWorld Entertainment has a 52-week low of $11.77 and a 52-week high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.13. The company had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $205.59 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. SeaWorld Entertainment’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period last year, the firm earned ($0.56) earnings per share. Analysts predict that SeaWorld Entertainment will post $0.67 EPS for the current fiscal year.

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In related news, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $15.25 per share, with a total value of $298,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hill Path Capital Partners Lp bought 54,500 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was bought at an average cost of $15.54 per share, for a total transaction of $846,930.00. The disclosure for this purchase can be found here. Insiders acquired 3,540,475 shares of company stock worth $63,638,585 over the last three months. Corporate insiders own 3.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Airain ltd bought a new stake in SeaWorld Entertainment during the first quarter valued at approximately $343,000. Alpha Windward LLC bought a new stake in SeaWorld Entertainment during the second quarter valued at approximately $403,000. Oppenheimer Asset Management Inc. bought a new stake in SeaWorld Entertainment during the first quarter valued at approximately $466,000. Paloma Partners Management Co bought a new stake in SeaWorld Entertainment during the first quarter valued at approximately $486,000. Finally, Cipher Capital LP bought a new stake in SeaWorld Entertainment during the first quarter valued at approximately $560,000.

SeaWorld Entertainment Company Profile

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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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