SeaWorld Entertainment, Inc. (SEAS) Stock Rating Reaffirmed by SunTrust Banks, Inc.
SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “buy” rating restated by analysts at SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $16.00 price objective on the stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 31.69% from the stock’s previous close.
SEAS has been the subject of a number of other reports. TheStreet downgraded shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $12.00 target price on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. FBR & Co downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research report on Thursday, August 3rd. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $15.00 in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.82.
SeaWorld Entertainment (SEAS) opened at $12.15 on Friday. The stock has a market cap of $1,137.69, a price-to-earnings ratio of 13.53 and a beta of 0.73. SeaWorld Entertainment has a 1 year low of $10.79 and a 1 year high of $20.13. The company has a current ratio of 0.57, a quick ratio of 0.29 and a debt-to-equity ratio of 5.04.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). The business had revenue of $437.70 million for the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. equities analysts anticipate that SeaWorld Entertainment will post -2.17 EPS for the current fiscal year.
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In related news, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $13.31 per share, with a total value of $5,562,808.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Insiders have bought 1,120,169 shares of company stock valued at $14,854,443 in the last three months. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Hill Path Capital LP increased its stake in shares of SeaWorld Entertainment by 12.9% during the third quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock worth $176,422,000 after purchasing an additional 1,556,869 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of SeaWorld Entertainment by 3.7% during the second quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock worth $90,345,000 after purchasing an additional 197,177 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in SeaWorld Entertainment by 7.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after acquiring an additional 200,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in SeaWorld Entertainment by 1.6% during the 2nd 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 in the last quarter. Finally, State Street Corp grew its stake in SeaWorld Entertainment by 6.6% during the 2nd 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 in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
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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