SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “buy” rating reiterated by equities research analysts at Janney Montgomery Scott in a report issued on Friday.

Several other equities research analysts also recently issued reports on the company. FBR & Co restated a “hold” rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a report on Thursday. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $12.00 price objective on shares of SeaWorld Entertainment in a report on Thursday. BidaskClub upgraded SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Thursday. Citigroup Inc. restated a “neutral” rating and set a $14.00 price objective (down from $15.00) on shares of SeaWorld Entertainment in a report on Friday, September 15th. Finally, ValuEngine downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. SeaWorld Entertainment has an average rating of “Hold” and an average target price of $16.70.

Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 0.76% during trading on Friday, reaching $13.29. The company had a trading volume of 4,973,592 shares. The firm has a 50-day moving average price of $12.95 and a 200-day moving average price of $15.55. The company’s market capitalization is $1.14 billion. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13. SeaWorld Entertainment also saw unusually large options trading on Wednesday. Traders purchased 28,498 put options on the stock. This represents an increase of 1,058% compared to the average volume of 2,460 put options.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $395.24 million. During the same period in the previous year, the business earned $0.21 EPS. SeaWorld Entertainment’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that SeaWorld Entertainment will post ($1.72) EPS for the current fiscal year.

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In related news, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 bought 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 quarter, insiders bought 1,472,969 shares of company stock valued at $19,324,419. Insiders own 3.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SEAS. Hill Path Capital LP boosted its position in SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after purchasing an additional 7,616,675 shares during the period. Renaissance Technologies LLC boosted its position in SeaWorld Entertainment by 162.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,018,016 shares of the company’s stock valued at $18,599,000 after purchasing an additional 630,016 shares during the period. Rutabaga Capital Management LLC MA boosted its position in SeaWorld Entertainment by 76.2% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock valued at $17,529,000 after purchasing an additional 414,821 shares during the period. Penn Capital Management Co. Inc. boosted its position in SeaWorld Entertainment by 39.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,069,752 shares of the company’s stock valued at $17,554,000 after purchasing an additional 302,965 shares during the period. Finally, Strs Ohio boosted its position in SeaWorld Entertainment by 27.0% during the 2nd quarter. Strs Ohio now owns 1,175,000 shares of the company’s stock valued at $19,117,000 after purchasing an additional 250,000 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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