FBR & Co Reiterates Hold Rating for SeaWorld Entertainment, Inc. (SEAS)
SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “hold” rating reissued by investment analysts at FBR & Co in a research note issued on Thursday. They presently have a $14.00 price objective on the stock. FBR & Co’s price target suggests a potential downside of 0.78% from the company’s current price.
Several other equities research analysts have also recently issued reports on SEAS. BidaskClub cut shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. Janney Montgomery Scott reissued a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, June 16th. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $14.44 to $16.00 in a research report on Tuesday, July 18th. Finally, Macquarie cut shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $15.00 in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus target price of $16.70.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded down 5.24% during trading on Thursday, hitting $13.37. 4,937,411 shares of the stock traded hands. The firm’s 50-day moving average price is $12.97 and its 200-day moving average price is $15.57. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13. The stock’s market cap is $1.15 billion. SeaWorld Entertainment also saw some unusual options trading activity on Wednesday. Stock traders purchased 28,498 put options on the stock. This is an increase of 1,058% compared to the typical volume of 2,460 put options.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 13.95% and a positive return on equity of 23.32%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Analysts anticipate that SeaWorld Entertainment will post ($1.72) EPS for the current year.
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In other news, major shareholder Hill Path Capital Partners Lp acquired 44,600 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $12.72 per share, for a total transaction of $567,312.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of SeaWorld Entertainment stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,472,969 shares of company stock valued at $19,324,419. Company insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SEAS. Sterling Capital Management LLC bought a new position in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $214,000. Eqis Capital Management Inc. bought a new position in shares of SeaWorld Entertainment during the 3rd quarter worth approximately $332,000. Alpha Windward LLC bought a new position in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $403,000. Oppenheimer Asset Management Inc. raised its stake in shares of SeaWorld Entertainment by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after acquiring an additional 770 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of SeaWorld Entertainment during the 1st quarter worth approximately $486,000. Hedge funds and other institutional investors own 89.33% 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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