BidaskClub Downgrades SeaWorld Entertainment, Inc. (SEAS) to Strong Sell
SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.
Several other equities research analysts also recently issued reports on the company. Janney Montgomery Scott restated a “buy” rating and set a $25.00 price objective on shares of SeaWorld Entertainment in a report on Friday, June 16th. KeyCorp started coverage on SeaWorld Entertainment in a report on Wednesday, August 30th. They set an “overweight” rating on the stock. Goldman Sachs Group, Inc. (The) upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $14.44 to $16.00 in a report on Tuesday, July 18th. FBR & Co lifted their price objective on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Citigroup Inc. upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.50.
SeaWorld Entertainment (NYSE:SEAS) opened at 12.20 on Thursday. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13. The stock’s 50 day moving average price is $13.56 and its 200-day moving average price is $16.33. The firm’s market capitalization is $1.05 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results 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 for the quarter, compared to the consensus estimate 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 was up .7% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. On average, analysts forecast that SeaWorld Entertainment will post ($1.35) earnings per share for the current year.
In other news, major shareholder Hill Path Capital Partners Lp bought 352,800 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Co- bought 64,300 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was purchased at an average price of $15.52 per share, with a total value of $997,936.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,611,369 shares of company stock valued at $21,468,185. Insiders own 3.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of SeaWorld Entertainment in the 2nd quarter worth approximately $214,000. Airain ltd acquired a new position in SeaWorld Entertainment during the 1st quarter valued at approximately $343,000. Alpha Windward LLC acquired a new position in SeaWorld Entertainment during the 2nd quarter valued at approximately $403,000. Oppenheimer Asset Management Inc. acquired a new position in SeaWorld Entertainment during the 1st quarter valued at approximately $466,000. Finally, Paloma Partners Management Co acquired a new position in SeaWorld Entertainment during the 1st quarter valued at approximately $486,000. Institutional investors own 89.34% of the company’s stock.
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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