SeaWorld Entertainment, Inc. (SEAS) Given “Neutral” Rating at Citigroup Inc.
SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Friday. They currently have a $14.00 price target on the stock, down from their previous price target of $15.00. Citigroup Inc.’s price target would suggest a potential upside of 7.53% from the stock’s current price.
Several other brokerages also recently issued reports on SEAS. Janney Montgomery Scott reissued a “buy” rating and issued a $25.00 price target 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 issued an “overweight” rating on the stock. Goldman Sachs Group, Inc. (The) raised SeaWorld Entertainment from a “sell” rating to a “neutral” rating and raised their price target for the stock from $14.44 to $16.00 in a report on Tuesday, July 18th. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $16.00 price target (down previously from $23.00) on shares of SeaWorld Entertainment in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.42.
SeaWorld Entertainment (NYSE:SEAS) traded down 1.51% on Friday, reaching $13.02. The company’s stock had a trading volume of 1,121,886 shares. SeaWorld Entertainment has a 52 week low of $11.10 and a 52 week high of $20.13. The firm’s 50 day moving average price is $13.32 and its 200-day moving average price is $16.12. The company’s market capitalization is $1.12 billion.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same quarter last year, the business posted $0.21 EPS. SeaWorld Entertainment’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that SeaWorld Entertainment will post ($1.13) EPS for the current year.
In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,611,369 shares of company stock worth $21,468,185. 3.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC acquired a new position in shares of SeaWorld Entertainment during the 2nd quarter valued at $214,000. Airain ltd acquired a new position in shares of SeaWorld Entertainment during the 1st quarter valued at $343,000. Alpha Windward LLC acquired a new position in shares of SeaWorld Entertainment during the 2nd quarter valued at $403,000. Oppenheimer Asset Management Inc. acquired a new position in shares of SeaWorld Entertainment during the 1st quarter valued at $466,000. Finally, Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment during the 1st quarter valued at $486,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
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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