SunTrust Banks, Inc. reiterated their buy rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research report report published on Friday. SunTrust Banks, Inc. currently has a $16.00 price target on the stock.
SEAS has been the topic of several other research reports. Stifel Nicolaus reaffirmed a buy rating and issued a $16.00 price target (down previously from $23.00) on shares of SeaWorld Entertainment in a research report on Wednesday, August 2nd. Macquarie cut shares of SeaWorld Entertainment from an outperform rating to a neutral rating and dropped their price target for the company from $22.00 to $15.00 in a research report on Thursday, July 27th. Citigroup Inc. raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and set a $15.00 price target on the stock in a research report on Friday, July 28th. BidaskClub cut shares of SeaWorld Entertainment from a sell rating to a strong sell rating in a research report on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and raised their price target for the company from $14.44 to $16.00 in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $15.82.
Shares of SeaWorld Entertainment (SEAS) opened at $12.15 on Friday. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.29. The company has a market capitalization of $1,098.80, a PE ratio of 13.06 and a beta of 0.73. SeaWorld Entertainment has a 12 month low of $10.79 and a 12 month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million during the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. analysts anticipate that SeaWorld Entertainment will post -2.23 earnings per share for the current year.
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In related news, major shareholder Hill Path Capital Partners Lp purchased 337,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $13.32 per share, for a total transaction of $4,488,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,120,169 shares of company stock worth $14,854,443. Insiders own 3.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $499,000. Alpha Windward LLC purchased a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth approximately $403,000. Hill Path Capital LP increased its stake in shares of SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after purchasing an additional 7,616,675 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of SeaWorld Entertainment by 7.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock worth $38,970,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in shares of SeaWorld Entertainment during the 3rd quarter worth approximately $332,000. Institutional investors own 91.55% of the company’s stock.
About SeaWorld Entertainment
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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