SeaWorld Entertainment’s (SEAS) “Neutral” Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reiterated their neutral rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research note issued to investors on Friday morning. The brokerage currently has a $14.00 price objective on the stock, down from their prior price objective of $15.00.
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of SeaWorld Entertainment from a sell rating to a strong sell rating in a report on Wednesday, June 14th. Stifel Nicolaus reaffirmed a buy rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a report on Friday, July 14th. TheStreet lowered shares of SeaWorld Entertainment from a c- rating to a d rating in a report on Tuesday, August 8th. FBR & Co lowered shares of SeaWorld Entertainment from an outperform rating to a market perform rating and decreased their price target for the company from $20.00 to $15.00 in a report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and lifted their price target for the company from $14.44 to $16.00 in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $17.42.
Shares of SeaWorld Entertainment (SEAS) traded down 1.51% during midday trading on Friday, hitting $13.02. 1,121,886 shares of the stock were exchanged. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The firm has a 50-day moving average price of $13.32 and a 200-day moving average price of $16.12. The company’s market cap is $1.12 billion.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The business had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same period in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that SeaWorld Entertainment will post ($1.13) EPS for the current year.
In other news, 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 shares were purchased at an average cost of $15.25 per share, for a total transaction of $298,900.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,611,369 shares of company stock worth $21,468,185. 3.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in shares of SeaWorld Entertainment by 10.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock worth $2,228,000 after buying an additional 13,437 shares in the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of SeaWorld Entertainment by 13.9% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock worth $17,775,000 after buying an additional 133,037 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth about $214,000. Walthausen & Co. LLC raised its position in shares of SeaWorld Entertainment by 6.4% during the 2nd quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock worth $17,742,000 after buying an additional 65,351 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of SeaWorld Entertainment by 45,788.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock worth $747,000 after buying an additional 45,788 shares in the last quarter. 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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