SeaWorld Entertainment (NYSE:SEAS) PT Lowered to $76.00 at B. Riley

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.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The firm had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $263.23 million. SeaWorld Entertainment had a net margin of 18.25% and a negative return on equity of 690.93%. The company’s revenue for the quarter was up 57.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.57) earnings per share. Research analysts forecast that SeaWorld Entertainment will post 4.44 earnings per share for the current fiscal year.

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.

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