SeaWorld Entertainment, Inc. (SEAS) Downgraded by ValuEngine
SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other equities analysts have also recently weighed in on the company. KeyCorp began coverage on SeaWorld Entertainment in a report on Wednesday. They issued an “overweight” rating for the company. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Barclays PLC reduced their price target on SeaWorld Entertainment from $17.00 to $10.00 and set an “underweight” rating for the company in a report on Friday, August 11th. TheStreet cut SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reduced their price target on SeaWorld Entertainment from $23.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.58.
SeaWorld Entertainment (NYSE SEAS) traded down 2.70% on Friday, hitting $12.63. The stock had a trading volume of 1,705,459 shares. The company’s market cap is $1.09 billion. The company has a 50 day moving average price of $13.83 and a 200-day moving average price of $16.53. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. The company had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. SeaWorld Entertainment’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities research analysts predict that SeaWorld Entertainment will post ($1.35) earnings per share for the current year.
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In related news, major shareholder Hill Path Capital Partners Lp purchased 352,800 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $12.67 per share, with a total value of $4,469,976.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Insiders have acquired 1,799,619 shares of company stock valued at $24,698,400 in the last three months. Insiders own 3.40% of the company’s stock.
Several large investors have recently bought and sold shares of SEAS. Hill Path Capital LP boosted its stake in SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after buying an additional 7,616,675 shares in the last quarter. Vanguard Group Inc. boosted its stake in SeaWorld Entertainment by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock valued at $90,345,000 after buying an additional 197,177 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SeaWorld Entertainment by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,839,176 shares of the company’s stock valued at $46,194,000 after buying an additional 43,358 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in SeaWorld Entertainment by 6.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,800,000 shares of the company’s stock valued at $45,556,000 after buying an additional 160,000 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in SeaWorld Entertainment by 15.7% in the first quarter. Jennison Associates LLC now owns 1,807,274 shares of the company’s stock valued at $33,019,000 after buying an additional 245,000 shares in the last quarter. 89.34% of the stock is owned by hedge funds and other 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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