Zacks Investment Research downgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a buy rating to a sell rating in a research report report published on Thursday morning.
According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
Several other analysts also recently issued reports on the stock. BidaskClub downgraded shares of SeaWorld Entertainment from a sell rating to a strong sell rating in a report on Wednesday. Janney Montgomery Scott reaffirmed a buy rating on shares of SeaWorld Entertainment in a report on Friday, October 6th. FBR & Co reaffirmed a hold rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $12.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $14.00 price target (down previously from $15.00) on shares of SeaWorld Entertainment in a report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. SeaWorld Entertainment currently has an average rating of Hold and an average target price of $16.45.
SeaWorld Entertainment (NYSE:SEAS) traded up 1.56% on Thursday, reaching $12.38. 1,378,211 shares of the company’s stock were exchanged. The company’s market cap is $1.06 billion. The firm has a 50 day moving average of $12.84 and a 200-day moving average of $15.16. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts expect that SeaWorld Entertainment will post ($2.07) EPS for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of SeaWorld Entertainment stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $13.21 per share, with a total value of $4,235,482.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 44,600 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $12.72 per share, for a total transaction of $567,312.00. The disclosure for this purchase can be found here. Insiders have purchased 1,472,969 shares of company stock worth $19,324,419 in the last three months. Insiders own 3.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new position in shares of SeaWorld Entertainment during the second quarter valued at approximately $214,000. Eqis Capital Management Inc. purchased a new position in shares of SeaWorld Entertainment during the third quarter valued at approximately $332,000. Alpha Windward LLC purchased a new position in shares of SeaWorld Entertainment during the second quarter valued at approximately $403,000. Oppenheimer Asset Management Inc. lifted its stake in shares of SeaWorld Entertainment by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after buying an additional 770 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $486,000. 89.36% of the stock is currently owned by institutional investors and hedge funds.
SeaWorld Entertainment Company Profile
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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