Citigroup Inc. restated their neutral rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research note released on Friday morning. The firm currently has a $14.00 price objective on the stock, down from their previous price objective of $15.00.
Other analysts also recently issued research reports about the company. Stifel Nicolaus reissued a buy rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a report on Friday, July 14th. Janney Montgomery Scott reissued a buy rating and issued a $25.00 price target on shares of SeaWorld Entertainment in a report on Friday, June 16th. ValuEngine raised SeaWorld Entertainment from a hold rating to a buy rating in a report on Thursday, August 10th. TheStreet downgraded SeaWorld Entertainment from a c- rating to a d rating in a research note on Tuesday, August 8th. Finally, FBR & Co downgraded SeaWorld Entertainment from an outperform rating to a market perform rating and cut their target price for the company from $20.00 to $15.00 in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $17.42.
Shares of SeaWorld Entertainment (SEAS) opened at 13.02 on Friday. The stock’s market cap is $1.12 billion. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13. The stock’s 50 day moving average price is $13.32 and its 200 day moving average price is $16.12.
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, topping the consensus estimate of $0.32 by $0.77. The business had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, equities research analysts anticipate that SeaWorld Entertainment will post ($1.13) 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 the company’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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Insiders bought a total of 1,611,369 shares of company stock worth $21,468,185 in the last three months. Company insiders own 3.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of SeaWorld Entertainment by 10.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock worth $2,228,000 after buying an additional 13,437 shares in the last quarter. Rutabaga Capital Management LLC MA raised its stake in shares of SeaWorld Entertainment by 13.9% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,092,482 shares of the company’s stock worth $17,775,000 after buying an additional 133,037 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the 2nd quarter worth $214,000. Walthausen & Co. LLC raised its stake in shares of SeaWorld Entertainment by 6.4% in the 2nd quarter. Walthausen & Co. LLC now owns 1,090,452 shares of the company’s stock worth $17,742,000 after buying an additional 65,351 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of SeaWorld Entertainment by 45,788.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 45,888 shares of the company’s stock worth $747,000 after buying an additional 45,788 shares in the last quarter. 89.34% of the stock is currently owned by institutional investors.
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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