SeaWorld Entertainment (NYSE:SEAS) Reaches New 52-Week High at $59.02

SeaWorld Entertainment, Inc. (NYSE:SEAS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $59.02 and last traded at $58.60, with a volume of 5797 shares traded. The stock had previously closed at $57.40.

Several equities analysts have recently weighed in on the stock. B. Riley raised their price target on shares of SeaWorld Entertainment from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. TheStreet downgraded shares of SeaWorld Entertainment from a “c-” rating to a “d+” rating in a research note on Monday, July 19th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, August 11th. Finally, Stifel Nicolaus raised their price target on shares of SeaWorld Entertainment from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SeaWorld Entertainment presently has an average rating of “Buy” and an average target price of $52.09.

The business’s 50 day simple moving average is $50.20 and its 200 day simple moving average is $51.31. The company has a market capitalization of $4.69 billion, a PE ratio of -103.86 and a beta of 2.41.

SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Thursday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $1.22. Equities research analysts anticipate that SeaWorld Entertainment, Inc. will post 3.05 EPS for the current fiscal year.

In other SeaWorld Entertainment news, insider Christopher Dold sold 2,000 shares of SeaWorld Entertainment stock in a transaction dated Friday, July 30th. The shares were sold at an average price of $46.59, for a total transaction of $93,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Swanson sold 4,594 shares of SeaWorld Entertainment stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $56.01, for a total transaction of $257,309.94. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. The PNC Financial Services Group Inc. acquired a new position in shares of SeaWorld Entertainment in the first quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC acquired a new position in shares of SeaWorld Entertainment in the first quarter valued at approximately $53,000. Harvest Fund Management Co. Ltd acquired a new position in shares of SeaWorld Entertainment in the first quarter valued at approximately $58,000. Macquarie Group Ltd. grew its holdings in shares of SeaWorld Entertainment by 338.0% in the second quarter. Macquarie Group Ltd. now owns 1,914 shares of the company’s stock valued at $96,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in shares of SeaWorld Entertainment in the second quarter valued at approximately $185,000.

SeaWorld Entertainment Company Profile (NYSE:SEAS)

SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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