SeaWorld Entertainment, Inc. (SEAS) Given Average Recommendation of “Hold” by Analysts
Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) have been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $17.09.
Several equities research analysts have commented on the company. Citigroup Inc. reiterated a “neutral” rating and set a $14.00 price objective (down from $15.00) on shares of SeaWorld Entertainment in a research note on Friday. BidaskClub lowered SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 7th. ValuEngine lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp initiated coverage on SeaWorld Entertainment in a research report on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, Barclays PLC dropped their price target on SeaWorld Entertainment from $17.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 11th.
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Shares of SeaWorld Entertainment (NYSE SEAS) opened at 13.02 on Friday. The stock’s market cap is $1.12 billion. The company’s 50 day moving average price is $13.32 and its 200 day moving average price is $16.12. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $395.24 million. During the same period in the previous year, the business earned $0.21 EPS. SeaWorld Entertainment’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts anticipate that SeaWorld Entertainment will post ($1.13) earnings per share for the current year.
In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp bought 352,800 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average cost of $15.25 per share, for a total transaction of $298,900.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,611,369 shares of company stock worth $21,468,185. Insiders own 3.40% of the company’s stock.
Several hedge funds have recently modified their holdings of SEAS. Teachers Advisors LLC grew its holdings in shares of SeaWorld Entertainment by 2.7% during the fourth quarter. Teachers Advisors LLC now owns 108,812 shares of the company’s stock worth $2,060,000 after purchasing an additional 2,882 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of SeaWorld Entertainment by 38.7% during the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after purchasing an additional 16,479 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of SeaWorld Entertainment by 5.9% during the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock worth $6,721,000 after purchasing an additional 20,491 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of SeaWorld Entertainment during the first quarter worth about $1,235,000. Finally, Airain ltd purchased a new position in shares of SeaWorld Entertainment during the first quarter worth about $343,000. 89.34% of the stock is currently owned by institutional investors.
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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