SeaWorld Entertainment Inc (NYSE:SEAS) had its price target raised by investment analysts at Barclays PLC from $14.00 to $16.00 in a research report issued on Friday. The brokerage presently has an “underweight” rating on the stock. Barclays PLC’s price target indicates a potential downside of 9.60% from the stock’s previous close.
A number of other equities analysts have also recently commented on the company. Citigroup Inc cut SeaWorld Entertainment from a “neutral” rating to a “sell” rating and reduced their target price for the company from $19.00 to $15.00 in a report on Friday. Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 3rd. Janney Montgomery Scott reissued a “buy” rating and set a $24.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, March 1st. FBR & Co increased their target price on SeaWorld Entertainment from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, March 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of SeaWorld Entertainment in a report on Tuesday, February 21st. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and an average price target of $17.19.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 17.70 on Friday. The firm’s 50-day moving average price is $18.68 and its 200-day moving average price is $16.69. The company’s market capitalization is $1.51 billion. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.84.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, February 28th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.02. SeaWorld Entertainment had a negative net margin of 0.87% and a positive return on equity of 6.17%. The firm had revenue of $267.60 million for the quarter, compared to analyst estimates of $268.46 million. During the same period in the previous year, the company earned ($0.11) EPS. SeaWorld Entertainment’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that SeaWorld Entertainment will post $0.75 EPS for the current year.
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Several large investors have recently bought and sold shares of SEAS. Capital World Investors bought a new stake in SeaWorld Entertainment during the third quarter valued at approximately $37,793,000. State of New Jersey Common Pension Fund D raised its position in shares of SeaWorld Entertainment by 82.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the company’s stock valued at $41,788,000 after buying an additional 1,400,000 shares during the last quarter. Indus Capital Partners LLC acquired a new position in shares of SeaWorld Entertainment during the fourth quarter valued at $11,468,000. Cardinal Capital Management LLC CT acquired a new position in shares of SeaWorld Entertainment during the fourth quarter valued at $7,962,000. Finally, Renaissance Technologies LLC acquired a new position in shares of SeaWorld Entertainment during the fourth quarter valued at $7,345,000. 91.42% of the stock is owned by hedge funds and other institutional investors.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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