SeaWorld Entertainment, Inc. (SEAS) Downgraded to “Strong Sell” at BidaskClub
BidaskClub lowered shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.
SEAS has been the topic of several other research reports. Janney Montgomery Scott reaffirmed a buy rating and set a $25.00 price objective on shares of SeaWorld Entertainment in a report on Friday, June 16th. TheStreet downgraded SeaWorld Entertainment from a c- rating to a d rating in a report on Tuesday, August 8th. FBR & Co downgraded SeaWorld Entertainment from an outperform rating to a market perform rating and set a $15.00 price objective on the stock. in a report on Thursday, August 3rd. Macquarie downgraded SeaWorld Entertainment from an outperform rating to a neutral rating and cut their price target for the company from $22.00 to $15.00 in a research note on Thursday, July 27th. Finally, Barclays PLC cut their price target on SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating on the stock in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $17.50.
Shares of SeaWorld Entertainment (SEAS) traded down 1.661% during mid-day trading on Thursday, reaching $12.135. The company’s stock had a trading volume of 1,280,449 shares. The firm’s market capitalization is $1.04 billion. The company has a 50 day moving average of $13.63 and a 200-day moving average of $16.36. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month 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 the consensus estimate 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 firm had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts forecast that SeaWorld Entertainment will post ($1.35) EPS for the current year.
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In other news, major shareholder Hill Path Capital Partners Co- bought 19,600 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $15.25 per share, for a total transaction of $298,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Hill Path Capital Partners Lp bought 352,800 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $12.67 per share, with a total value of $4,469,976.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,611,369 shares of company stock worth $21,468,185 in the last ninety days. 3.40% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC bought a new position in SeaWorld Entertainment during the 2nd quarter worth about $214,000. Airain ltd bought a new position in SeaWorld Entertainment during the 1st quarter worth about $343,000. Alpha Windward LLC bought a new position in SeaWorld Entertainment during the 2nd quarter worth about $403,000. Oppenheimer Asset Management Inc. increased its holdings in SeaWorld Entertainment by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after purchasing an additional 770 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in SeaWorld Entertainment during the 1st quarter worth about $486,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
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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