SeaWorld Entertainment, Inc. (SEAS) Downgraded by BidaskClub
SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price target (down from $23.00) on shares of SeaWorld Entertainment in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Janney Montgomery Scott reiterated a “buy” rating on shares of SeaWorld Entertainment in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday. Finally, TheStreet downgraded shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. SeaWorld Entertainment has an average rating of “Hold” and an average target price of $16.45.
SeaWorld Entertainment (SEAS) traded down 1.36% during midday trading on Wednesday, reaching $12.31. The company’s stock had a trading volume of 1,316,822 shares. The firm’s market capitalization is $1.06 billion. SeaWorld Entertainment has a 52 week low of $11.10 and a 52 week high of $20.13. The company’s 50-day moving average is $12.87 and its 200 day moving average is $15.22.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that SeaWorld Entertainment will post ($2.07) earnings per share for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Lp bought 44,600 shares of the stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $12.72 per share, with a total value of $567,312.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the stock in a transaction on Monday, August 21st. The stock was purchased 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. Over the last three months, insiders have bought 1,472,969 shares of company stock valued at $19,324,419. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SEAS. Jennison Associates purchased a new stake in SeaWorld Entertainment in the 3rd quarter worth approximately $26,781,000. J. Goldman & Company purchased a new stake in SeaWorld Entertainment in the 3rd quarter worth approximately $5,343,000. Russell Frank Co grew its stake in SeaWorld Entertainment by 1.4% in the 4th quarter. Russell Frank Co now owns 284,017 shares of the company’s stock worth $5,644,000 after acquiring an additional 3,889 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in SeaWorld Entertainment by 2.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,012,962 shares of the company’s stock worth $19,945,000 after acquiring an additional 19,607 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in SeaWorld Entertainment by 13.2% in the 4th quarter. Neuberger Berman Group LLC now owns 89,950 shares of the company’s stock worth $1,771,000 after acquiring an additional 10,465 shares during the period. 89.36% 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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