SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “neutral” rating reissued by Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. They presently have a $12.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential downside of 14.95% from the stock’s current price.

A number of other research analysts have also issued reports on SEAS. BidaskClub lowered SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. FBR & Co lowered SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $15.00 in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of SeaWorld Entertainment in a report on Friday, July 14th. TheStreet lowered SeaWorld Entertainment from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $25.00 target price on shares of SeaWorld Entertainment in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.80.

SeaWorld Entertainment (NYSE SEAS) opened at 13.84 on Thursday. The company’s 50-day moving average price is $12.97 and its 200-day moving average price is $15.57. The stock’s market cap is $1.19 billion. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. SeaWorld Entertainment also was the target of unusually large options trading on Wednesday. Stock traders bought 28,498 put options on the stock. This represents an increase of 1,058% compared to the average daily volume of 2,460 put options.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 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 business had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same period last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts expect that SeaWorld Entertainment will post ($1.42) EPS for the current fiscal year.

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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp purchased 44,600 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $12.72 per share, for a total transaction of $567,312.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,472,969 shares of company stock worth $19,324,419. 3.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Hill Path Capital LP raised its stake in SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after buying an additional 7,616,675 shares in the last quarter. Vanguard Group Inc. raised its stake in SeaWorld Entertainment by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock valued at $90,345,000 after buying an additional 197,177 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SeaWorld Entertainment by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,839,176 shares of the company’s stock valued at $46,194,000 after buying an additional 43,358 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in SeaWorld Entertainment by 6.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,800,000 shares of the company’s stock valued at $45,556,000 after buying an additional 160,000 shares in the last quarter. Finally, State Street Corp raised its stake in SeaWorld Entertainment by 6.6% in the second quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after buying an additional 80,617 shares in the last quarter. Institutional investors own 89.33% 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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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