SeaWorld Entertainment, Inc. (NYSE:SEAS) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

SEAS has been the topic of a number of other research reports. KeyCorp initiated coverage on SeaWorld Entertainment in a research note on Wednesday, August 30th. They set an “overweight” rating on the stock. Stifel Nicolaus restated a “buy” rating and set a $16.00 price target (down previously from $23.00) on shares of SeaWorld Entertainment in a research note on Wednesday, August 2nd. ValuEngine lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Macquarie lowered SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $22.00 to $15.00 in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “neutral” rating and set a $14.00 price target (down previously from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.20.

SeaWorld Entertainment (NYSE SEAS) opened at 14.11 on Thursday. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13. The firm’s 50-day moving average is $12.97 and its 200 day moving average is $15.57. The company’s market cap is $1.21 billion.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $395.24 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Analysts predict that SeaWorld Entertainment will post ($1.42) earnings per share for the current fiscal year.

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In other news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 352,800 shares of the company’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. In the last quarter, insiders purchased 1,472,969 shares of company stock worth $19,324,419. 3.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hill Path Capital LP boosted its position 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 during the last quarter. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 197,177 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 acquiring an additional 43,358 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings 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 acquiring an additional 160,000 shares during the period. Finally, State Street Corp lifted its holdings 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 acquiring an additional 80,617 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.

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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