SeaWorld Entertainment Inc. (SEAS) Lowered to “Neutral” at Citigroup Inc.
SeaWorld Entertainment Inc. (NYSE:SEAS) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a $17.00 price target on the stock.
A number of other brokerages have also recently commented on SEAS. Bank of America Corp. restated a “sell” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, September 21st. Dougherty & Co dropped their target price on shares of SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Friday, September 2nd. Macquarie set a $13.00 target price on shares of SeaWorld Entertainment and gave the company a “hold” rating in a report on Tuesday, September 20th. FBR & Co restated a “buy” rating on shares of SeaWorld Entertainment in a report on Thursday, November 3rd. Finally, Zacks Investment Research cut shares of SeaWorld Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.46.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 17.00 on Monday. The stock’s market cap is $1.45 billion. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $21.85. The stock has a 50 day moving average of $14.24 and a 200 day moving average of $14.99.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.29. The company had revenue of $485.30 million for the quarter, compared to analysts’ expectations of $411.29 million. SeaWorld Entertainment had a negative net margin of 0.87% and a positive return on equity of 6.17%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, analysts forecast that SeaWorld Entertainment will post $0.42 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock worth $134,000 after buying an additional 533 shares during the period. BlackRock Inc. raised its stake in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock valued at $117,000 after buying an additional 597 shares during the last quarter. Symons Capital Management Inc. raised its stake in SeaWorld Entertainment by 4.4% in the second quarter. Symons Capital Management Inc. now owns 17,765 shares of the company’s stock valued at $255,000 after buying an additional 750 shares during the last quarter. Rhumbline Advisers raised its stake in SeaWorld Entertainment by 1.4% in the third quarter. Rhumbline Advisers now owns 73,149 shares of the company’s stock valued at $986,000 after buying an additional 1,000 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in SeaWorld Entertainment by 0.9% in the third quarter. California State Teachers Retirement System now owns 141,587 shares of the company’s stock valued at $1,909,000 after buying an additional 1,300 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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