SeaWorld Parks & Entertainment (SEAS) Receives $14.22 Consensus PT from Brokerages

SeaWorld Parks & Entertainment (NYSE:SEAS) has received an average recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.22.

A number of analysts recently issued reports on the company. Zacks Investment Research raised SeaWorld Parks & Entertainment from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, March 1st. Citigroup increased their price objective on SeaWorld Parks & Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, March 9th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective (up previously from $17.00) on shares of SeaWorld Parks & Entertainment in a report on Wednesday, February 28th. ValuEngine cut SeaWorld Parks & Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Macquarie cut SeaWorld Parks & Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a report on Friday, March 2nd.

How to Become a New Pot Stock Millionaire

In other SeaWorld Parks & Entertainment news, Director Thomas E. Moloney purchased 2,000 shares of the stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $14.40 per share, with a total value of $28,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- purchased 150,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $14.38 per share, for a total transaction of $2,157,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 561,900 shares of company stock worth $8,182,637. Insiders own 3.80% of the company’s stock.



Several large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in shares of SeaWorld Parks & Entertainment by 19.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,577,455 shares of the company’s stock valued at $48,546,000 after purchasing an additional 576,620 shares during the last quarter. Fairpointe Capital LLC bought a new position in SeaWorld Parks & Entertainment during the 4th quarter worth approximately $2,198,000. MetLife Investment Advisors LLC bought a new position in SeaWorld Parks & Entertainment during the 4th quarter worth approximately $436,000. Gotham Asset Management LLC bought a new position in SeaWorld Parks & Entertainment during the 4th quarter worth approximately $408,000. Finally, Element Capital Management LLC bought a new position in SeaWorld Parks & Entertainment during the 4th quarter worth approximately $5,389,000. 96.46% of the stock is currently owned by hedge funds and other institutional investors.

SEAS traded down $0.10 during trading on Thursday, reaching $15.36. 662,832 shares of the company were exchanged, compared to its average volume of 1,969,829. The stock has a market capitalization of $1,409.25, a price-to-earnings ratio of 73.76 and a beta of 0.79. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.35 and a current ratio of 0.47. SeaWorld Parks & Entertainment has a 12-month low of $10.42 and a 12-month high of $19.23.

SeaWorld Parks & Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $258.97 million. SeaWorld Parks & Entertainment had a positive return on equity of 23.42% and a negative net margin of 16.02%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. research analysts forecast that SeaWorld Parks & Entertainment will post 0.35 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://stocknewstimes.com/2018/04/17/seaworld-parks-entertainment-seas-receives-14-22-consensus-pt-from-brokerages.html.

SeaWorld Parks & Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

Analyst Recommendations for SeaWorld Parks & Entertainment (NYSE:SEAS)

Receive News & Ratings for SeaWorld Parks & Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Parks & Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply