SeaWorld Entertainment, Inc. (SEAS) Stock Rating Lowered by ValuEngine
ValuEngine lowered shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a buy rating to a hold rating in a research note issued to investors on Friday.
A number of other research analysts have also recently issued reports on the company. KeyCorp began coverage on SeaWorld Entertainment in a research note on Wednesday, August 30th. They set an overweight rating for the company. BidaskClub upgraded SeaWorld Entertainment from a strong sell rating to a sell rating in a research note on Wednesday, August 16th. Barclays PLC lowered their price objective on SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating for the company in a research note on Friday, August 11th. TheStreet cut SeaWorld Entertainment from a c- rating to a d rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus lowered their price objective on SeaWorld Entertainment from $23.00 to $16.00 and set a buy rating for the company in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $17.50.
SeaWorld Entertainment (SEAS) opened at 12.63 on Friday. The stock’s 50 day moving average price is $13.83 and its 200-day moving average price is $16.53. The firm’s market capitalization is $1.09 billion. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data 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. The business had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. Equities analysts anticipate that SeaWorld Entertainment will post ($1.35) EPS for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $13.31 per share, with a total value of $5,562,808.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of $15.25 per share, with a total value of $298,900.00. The disclosure for this purchase can be found here. Insiders bought 1,629,619 shares of company stock valued at $21,764,200 in the last 90 days. Company insiders own 3.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its holdings 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 worth $2,228,000 after acquiring an additional 13,437 shares during the period. Rutabaga Capital Management LLC MA grew its holdings 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 worth $17,775,000 after acquiring an additional 133,037 shares during the period. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the second quarter worth $214,000. Walthausen & Co. LLC grew its holdings 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 worth $17,742,000 after acquiring an additional 65,351 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings 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 worth $747,000 after acquiring an additional 45,788 shares during the period. 89.34% of the stock is owned by 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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