SeaWorld Entertainment (NYSE:SEAS – Get Rating) had its price objective lowered by B. Riley from $94.00 to $76.00 in a research report sent to investors on Tuesday, The Fly reports. B. Riley currently has a buy rating on the stock.
A number of other brokerages have also recently commented on SEAS. JPMorgan Chase & Co. initiated coverage on shares of SeaWorld Entertainment in a research note on Friday, February 25th. They set a neutral rating for the company. Citigroup lowered their price target on shares of SeaWorld Entertainment from $74.00 to $68.00 in a report on Friday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of SeaWorld Entertainment from $74.00 to $83.00 and gave the stock a buy rating in a report on Friday, March 4th. StockNews.com cut shares of SeaWorld Entertainment from a buy rating to a hold rating in a research report on Saturday, May 14th. Finally, Rosenblatt Securities began coverage on shares of SeaWorld Entertainment in a research note on Monday, April 25th. They issued a buy rating and a $92.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $77.89.
NYSE SEAS opened at $43.35 on Tuesday. The company has a debt-to-equity ratio of 183.53, a quick ratio of 1.05 and a current ratio of 1.14. The firm has a 50-day simple moving average of $57.37 and a 200 day simple moving average of $62.74. SeaWorld Entertainment has a twelve month low of $40.76 and a twelve month high of $76.57. The stock has a market cap of $3.15 billion, a PE ratio of 11.81 and a beta of 2.14.
In related news, CEO Marc Swanson sold 7,660 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $72.86, for a total transaction of $558,107.60. Following the transaction, the chief executive officer now directly owns 182,656 shares of the company’s stock, valued at $13,308,316.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth Gulacsy sold 10,500 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $73.34, for a total transaction of $770,070.00. Following the completion of the transaction, the insider now directly owns 67,479 shares in the company, valued at $4,948,909.86. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp purchased a new stake in SeaWorld Entertainment during the fourth quarter worth about $854,000. Rinkey Investments purchased a new stake in SeaWorld Entertainment during the fourth quarter worth about $37,000. O Neil Global Advisors Inc. increased its stake in shares of SeaWorld Entertainment by 72.3% in the fourth quarter. O Neil Global Advisors Inc. now owns 14,504 shares of the company’s stock worth $941,000 after purchasing an additional 6,088 shares in the last quarter. King Street Capital Management L.P. purchased a new position in shares of SeaWorld Entertainment in the fourth quarter worth about $117,000. Finally, Circle Wealth Management LLC purchased a new position in shares of SeaWorld Entertainment in the fourth quarter worth about $370,000.
About SeaWorld Entertainment (Get Rating)
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
- Get a free copy of the StockNews.com research report on SeaWorld Entertainment (SEAS)
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