SeaWorld Entertainment (SEAS) Getting Somewhat Positive Press Coverage, Accern Reports
News headlines about SeaWorld Entertainment (NYSE:SEAS) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SeaWorld Entertainment earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.590406320339 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Legoland’s owner may want to buy some SeaWorld Entertainment parks (sandiegouniontribune.com)
- FBR & Co Reiterates Hold Rating for SeaWorld Entertainment, Inc. (SEAS) (americanbankingnews.com)
- Goldman Sachs Group, Inc. (The) Reiterates “Neutral” Rating for SeaWorld Entertainment, Inc. (SEAS) (americanbankingnews.com)
- 3 Stocks to Watch on Thursday: RPM International Inc. (RPM), SeaWorld Entertainment Inc (SEAS) and Zumiez Inc. (ZUMZ) (investorplace.com)
- UPDATE 2-Merlin Entertainments bids for part of SeaWorld – source (feeds.reuters.com)
SeaWorld Entertainment (NYSE SEAS) traded down 6.52% during mid-day trading on Thursday, reaching $13.19. 6,282,557 shares of the company were exchanged. The stock has a 50-day moving average price of $12.97 and a 200 day moving average price of $15.57. The company’s market capitalization is $1.13 billion. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. SeaWorld Entertainment also was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 28,498 put options on the stock. This is an increase of approximately 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, 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 firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that SeaWorld Entertainment will post ($1.72) EPS for the current year.
SEAS has been the subject of a number of research analyst reports. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. Janney Montgomery Scott restated a “buy” rating and set a $25.00 price objective on shares of SeaWorld Entertainment in a report on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and set a $23.00 price objective on shares of SeaWorld Entertainment in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $14.44 to $16.00 in a report on Tuesday, July 18th. Finally, Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $15.00 in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.70.
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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of SeaWorld Entertainment stock in a transaction dated Monday, August 21st. The stock was purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp purchased 44,600 shares of SeaWorld Entertainment stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $12.72 per share, with a total value of $567,312.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,472,969 shares of company stock valued at $19,324,419 in the last ninety days. Insiders own 3.40% 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.
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