SeaWorld Entertainment, Inc. (NYSE:SEAS) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “

Several other research firms have also weighed in on SEAS. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. FBR & Co reiterated a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. B. Riley reiterated a “market perform” rating and issued a $15.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research note on Friday, July 28th. Three 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 company. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus target price of $16.45.

Shares of SeaWorld Entertainment (NYSE SEAS) traded up 1.56% during mid-day trading on Thursday, reaching $12.38. 1,378,211 shares of the company were exchanged. The firm’s market capitalization is $1.06 billion. The company’s 50 day moving average price is $12.84 and its 200 day moving average price is $15.16. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.77. The firm had revenue of $373.80 million for the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Equities analysts anticipate that SeaWorld Entertainment will post ($2.07) earnings per share for the current year.

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In other news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Insiders acquired 1,472,969 shares of company stock valued at $19,324,419 over the last three months. Insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in SeaWorld Entertainment by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after purchasing an additional 144 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in SeaWorld Entertainment by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after purchasing an additional 745 shares during the period. 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. Legal & General Group Plc boosted its holdings in SeaWorld Entertainment by 1.7% in the 1st quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock valued at $1,458,000 after purchasing an additional 1,352 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in SeaWorld Entertainment by 1.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock valued at $3,015,000 after purchasing an additional 2,500 shares during the period. 89.36% of the stock is owned by institutional investors and hedge funds.

SeaWorld Entertainment Company Profile

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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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