SeaWorld Entertainment, Inc. (SEAS) Lifted to “Sell” at BidaskClub
SeaWorld Entertainment, Inc. (NYSE:SEAS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Several other research firms have also issued reports on SEAS. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, May 10th. Barclays PLC reaffirmed an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. FBR & Co lifted their price target on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a research report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.58.
Shares of SeaWorld Entertainment (NYSE SEAS) traded up 0.79% during mid-day trading on Wednesday, reaching $13.95. 799,789 shares of the company’s stock were exchanged. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. The stock has a 50-day moving average of $14.68 and a 200 day moving average of $17.00. The firm’s market capitalization is $1.20 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.32 by $0.77. The business had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. On average, analysts forecast that SeaWorld Entertainment will post ($0.95) EPS for the current fiscal year.
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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $15.25 per share, for a total transaction of $298,900.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Lp acquired 805,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $17.97 per share, with a total value of $14,465,850.00. The disclosure for this purchase can be found here. Insiders purchased a total of 3,737,075 shares of company stock valued at $64,898,825 over the last quarter. 3.40% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in SEAS. American International Group Inc. increased its stake in SeaWorld Entertainment by 7.1% in the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock worth $753,000 after buying an additional 2,730 shares in the last quarter. Cipher Capital LP purchased a new stake in SeaWorld Entertainment during the first quarter worth about $560,000. Nordea Investment Management AB increased its stake in SeaWorld Entertainment by 11.5% in the first quarter. Nordea Investment Management AB now owns 214,700 shares of the company’s stock worth $3,923,000 after buying an additional 22,100 shares in the last quarter. Airain ltd purchased a new stake in SeaWorld Entertainment during the first quarter worth about $343,000. Finally, Quantitative Investment Management LLC purchased a new stake in SeaWorld Entertainment during the first quarter worth about $1,235,000.
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.
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