TheStreet lowered shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a c- rating to a d rating in a research note published on Tuesday morning.
Several other analysts have also recently issued reports on the stock. ValuEngine raised shares of SeaWorld Entertainment from a hold rating to a buy rating in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a buy rating for the company in a research report on Wednesday. FBR & Co cut shares of SeaWorld Entertainment from an outperform rating to a market perform rating and decreased their price target for the stock from $20.00 to $15.00 in a research report on Wednesday. B. Riley reaffirmed a market perform rating and set a $15.00 price target on shares of SeaWorld Entertainment in a research report on Thursday, August 3rd. Finally, Citigroup Inc. raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and set a $15.00 price target for the company in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of Hold and an average price target of $16.75.
Shares of SeaWorld Entertainment (NYSE SEAS) traded down 3.717% during mid-day trading on Tuesday, hitting $12.305. The stock had a trading volume of 4,101,244 shares. The stock’s market cap is $1.05 billion. The company’s 50 day moving average price is $14.95 and its 200 day moving average price is $17.17. 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 data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 20.65%. The company had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts predict that SeaWorld Entertainment will post ($0.21) EPS for the current fiscal year.
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In other SeaWorld Entertainment news, CFO Peter J. Crage sold 3,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.20, for a total value of $54,600.00. Following the transaction, the chief financial officer now owns 275,435 shares in the company, valued at approximately $5,012,917. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hill Path Holdings Llc acquired 250,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of $18.49 per share, for a total transaction of $4,622,500.00. The disclosure for this purchase can be found here. Insiders acquired a total of 3,339,675 shares of company stock worth $59,861,537 in the last quarter. 3.40% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of SEAS. Hill Path Capital LP raised its stake in shares of SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after buying an additional 7,616,675 shares during the period. Vanguard Group Inc. raised its stake in shares of SeaWorld Entertainment by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,355,730 shares of the company’s stock worth $97,849,000 after buying an additional 88,648 shares during the period. Van Berkom & Associates Inc. bought a new stake in shares of SeaWorld Entertainment during the first quarter worth about $54,199,000. State of New Jersey Common Pension Fund D raised its stake in shares of SeaWorld Entertainment by 6.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,800,000 shares of the company’s stock worth $45,556,000 after buying an additional 160,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of SeaWorld Entertainment by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,795,818 shares of the company’s stock worth $51,080,000 after buying an additional 249,412 shares during the period.
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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