Janney Montgomery Scott Reaffirms Buy Rating for SeaWorld Entertainment, Inc. (SEAS)
A number of other research analysts have also weighed in on the company. KeyCorp started coverage on SeaWorld Entertainment in a research report on Wednesday, August 30th. They set an overweight rating for the company. BidaskClub lowered SeaWorld Entertainment from a sell rating to a strong sell rating in a research report on Thursday, September 7th. Citigroup Inc. reissued a neutral rating and issued a $14.00 target price (down previously from $15.00) on shares of SeaWorld Entertainment in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) raised SeaWorld Entertainment from a sell rating to a neutral rating and lifted their target price for the stock from $14.44 to $16.00 in a report on Tuesday, July 18th. Finally, ValuEngine lowered SeaWorld Entertainment from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. SeaWorld Entertainment currently has an average rating of Hold and an average price target of $16.70.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at 13.29 on Friday. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The stock’s 50 day moving average price is $12.94 and its 200 day moving average price is $15.52. The company’s market cap is $1.14 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results 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 during the quarter, compared to analyst estimates of $395.24 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was up .7% compared to the same quarter last year. On average, analysts forecast that SeaWorld Entertainment will post ($1.72) EPS for the current year.
In related news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,472,969 shares of company stock worth $19,324,419. Company insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEAS. UBS Asset Management Americas Inc. lifted its position in SeaWorld Entertainment by 38.7% during the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock valued at $1,079,000 after purchasing an additional 16,479 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in SeaWorld Entertainment by 5.9% during the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after purchasing an additional 20,491 shares in the last quarter. American International Group Inc. lifted its position in SeaWorld Entertainment by 7.1% during the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock valued at $753,000 after purchasing an additional 2,730 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in SeaWorld Entertainment during the first quarter valued at $2,101,000. Finally, Teachers Advisors LLC lifted its position in SeaWorld Entertainment by 7.7% during the first quarter. Teachers Advisors LLC now owns 117,192 shares of the company’s stock valued at $2,141,000 after purchasing an additional 8,380 shares in the last quarter. Institutional investors own 89.36% 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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