SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “neutral” rating reaffirmed by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. They currently have a $12.00 target price on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential downside of 14.95% from the stock’s current price.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. FBR & Co downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a report on Friday, July 14th. TheStreet downgraded shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $25.00 target price on shares of SeaWorld Entertainment in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. SeaWorld Entertainment has a consensus rating of “Hold” and an average price target of $16.80.

Shares of SeaWorld Entertainment (SEAS) traded down 2.020% on Thursday, hitting $13.825. 2,002,706 shares of the stock were exchanged. The firm’s market capitalization is $1.19 billion. The company has a 50-day moving average price of $12.97 and a 200-day moving average price of $15.57. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. SeaWorld Entertainment also was the target of unusually large options trading activity on Wednesday. Investors bought 28,498 put options on the stock. This is an increase of approximately 1,058% compared to the average daily volume of 2,460 put options.

SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.32 by $0.77. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. SeaWorld Entertainment’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts expect that SeaWorld Entertainment will post ($1.42) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/05/goldman-sachs-group-inc-the-reiterates-neutral-rating-for-seaworld-entertainment-inc-seas.html.

In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $13.31 per share, with a total value of $5,562,808.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired 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 acquired a total of 1,472,969 shares of company stock valued at $19,324,419 in the last three months. Insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAS. Sterling Capital Management LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter valued at about $214,000. Eqis Capital Management Inc. bought a new stake in SeaWorld Entertainment in the 3rd quarter valued at about $332,000. Alpha Windward LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter valued at about $403,000. Oppenheimer Asset Management Inc. boosted its holdings in SeaWorld Entertainment by 3.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after purchasing an additional 770 shares during the period. Finally, Paloma Partners Management Co bought a new stake in SeaWorld Entertainment in the 1st quarter valued at about $486,000. 89.33% 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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.