SeaWorld Entertainment (SEAS) Downgraded to Sell at Citigroup

SeaWorld Entertainment (NYSE:SEAS) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Tuesday, The Fly reports.

Other analysts also recently issued reports about the company. Stifel Nicolaus boosted their target price on SeaWorld Entertainment from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 7th. ValuEngine raised SeaWorld Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Zacks Investment Research raised SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, March 1st. B. Riley boosted their target price on SeaWorld Entertainment from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 9th. Finally, Macquarie downgraded SeaWorld Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Friday, March 2nd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment presently has an average rating of “Hold” and an average target price of $16.10.

SeaWorld Entertainment opened at $21.01 on Tuesday, MarketBeat.com reports. SeaWorld Entertainment has a fifty-two week low of $10.42 and a fifty-two week high of $21.29. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 6.30. The stock has a market capitalization of $1.84 billion, a PE ratio of 100.05 and a beta of 0.82.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, May 8th. The company reported ($0.73) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.76) by $0.03. SeaWorld Entertainment had a positive return on equity of 30.89% and a negative net margin of 15.77%. The business had revenue of $217.20 million during the quarter, compared to the consensus estimate of $198.46 million. During the same period in the previous year, the business earned ($0.72) EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. equities research analysts expect that SeaWorld Entertainment will post 0.44 EPS for the current year.

In other SeaWorld Entertainment news, Director Thomas E. Moloney bought 2,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $14.40 per share, with a total value of $28,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John T. Reilly sold 11,000 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $18.25, for a total value of $200,750.00. Following the transaction, the insider now directly owns 156,789 shares of the company’s stock, valued at $2,861,399.25. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Equitec Proprietary Markets LLC acquired a new stake in shares of SeaWorld Entertainment during the first quarter worth $130,000. Cubist Systematic Strategies LLC raised its position in SeaWorld Entertainment by 99.2% in the first quarter. Cubist Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $151,000 after purchasing an additional 5,080 shares during the period. Stifel Financial Corp purchased a new position in SeaWorld Entertainment in the first quarter valued at about $176,000. BlueCrest Capital Management Ltd purchased a new position in SeaWorld Entertainment in the fourth quarter valued at about $208,000. Finally, MANA Advisors LLC acquired a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at about $223,000.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

The Fly

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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