Research analysts at KeyCorp started coverage on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research report issued to clients and investors on Wednesday. The brokerage set an “overweight” rating on the stock.

A number of other research firms have also recently commented on SEAS. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Janney Montgomery Scott reissued a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. Barclays PLC reissued an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of SeaWorld Entertainment in a research note on Monday, May 15th. FBR & Co increased their target price on SeaWorld Entertainment from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $23.00 target price on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.58.

Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 12.98 on Wednesday. The firm’s market cap is $1.12 billion. The company has a 50-day moving average of $13.91 and a 200 day moving average of $16.57. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that SeaWorld Entertainment will post ($1.35) earnings per share for the current year.

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In other news, major shareholder Hill Path Capital Partners Co- bought 64,300 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were acquired at an average cost of $15.52 per share, with a total value of $997,936.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Insiders have purchased 1,799,619 shares of company stock worth $24,698,400 over the last ninety days. 3.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SEAS. Public Employees Retirement System of Ohio boosted its position in shares of SeaWorld Entertainment by 10.9% in the second quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after buying an additional 13,437 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its position in shares of SeaWorld Entertainment by 13.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock valued at $17,775,000 after buying an additional 133,037 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of SeaWorld Entertainment during the second quarter valued at about $214,000. Walthausen & Co. LLC boosted its position in shares of SeaWorld Entertainment by 6.4% in the second quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock valued at $17,742,000 after buying an additional 65,351 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of SeaWorld Entertainment by 45,788.0% in the second quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock valued at $747,000 after buying an additional 45,788 shares during the last quarter. 89.34% of the stock is currently 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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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