SeaWorld Entertainment, Inc. (SEAS) Downgraded to “Strong Sell” at BidaskClub
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.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/24/seaworld-entertainment-inc-seas-downgraded-to-strong-sell-at-bidaskclub.html.
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.
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.