SeaWorld Entertainment, Inc. (SEAS) Given Average Rating of “Hold” by Analysts
SeaWorld Entertainment, Inc. (NYSE:SEAS) has been assigned an average recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $15.78.
Several equities analysts have recently commented on SEAS shares. KeyCorp started coverage on SeaWorld Entertainment in a research note on Wednesday, August 30th. They set an “overweight” rating for the company. Janney Montgomery Scott reiterated a “buy” rating and set a $25.00 target price on shares of SeaWorld Entertainment in a research note on Friday, June 16th. BidaskClub cut SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 7th. Citigroup Inc. reiterated a “neutral” rating and set a $14.00 target price (down from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and increased their target price for the company from $14.44 to $16.00 in a research note on Tuesday, July 18th.
Shares of SeaWorld Entertainment (SEAS) opened at 13.68 on Thursday. The firm’s market cap is $1.18 billion. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The firm’s 50-day moving average is $12.96 and its 200-day moving average is $15.42.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ 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 positive return on equity of 23.32% and a negative net margin of 13.95%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Equities analysts expect that SeaWorld Entertainment will post ($1.72) earnings per share for the current fiscal year.
In related news, major shareholder Hill Path Capital Partners Lp bought 44,600 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $12.72 per share, with a total value of $567,312.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Insiders have purchased 1,472,969 shares of company stock worth $19,324,419 over the last 90 days. 3.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC acquired a new stake in SeaWorld Entertainment in the second quarter worth $214,000. Alpha Windward LLC acquired a new stake in SeaWorld Entertainment in the second quarter worth $403,000. Oppenheimer Asset Management Inc. acquired a new stake in SeaWorld Entertainment in the first quarter worth $466,000. Eqis Capital Management Inc. acquired a new stake in SeaWorld Entertainment in the third quarter worth $332,000. Finally, Paloma Partners Management Co acquired a new stake in SeaWorld Entertainment in the first quarter worth $486,000. 89.36% of the stock is currently 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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