Goldman Sachs Group, Inc. (The) Reiterates “Neutral” Rating for SeaWorld Entertainment, Inc. (SEAS)
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.
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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.
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