Janney Montgomery Scott Reiterates Buy Rating for SeaWorld Entertainment, Inc. (SEAS)
SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “buy” rating reiterated by investment analysts at Janney Montgomery Scott in a research note issued on Friday.
Other analysts also recently issued research reports about the company. BidaskClub downgraded SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. FBR & Co downgraded SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $15.00 in a research note on Wednesday, August 9th. TheStreet downgraded SeaWorld Entertainment from a “c-” rating to a “d” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) raised SeaWorld Entertainment from a “sell” rating to a “neutral” rating and lifted their price target for the company from $14.44 to $16.00 in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.70.
SeaWorld Entertainment (SEAS) opened at 13.29 on Friday. The firm’s market capitalization is $1.14 billion. The company’s 50-day moving average price is $12.94 and its 200 day moving average price is $15.52. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ 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 firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Equities analysts predict that SeaWorld Entertainment will post ($1.72) earnings per share for the current fiscal year.
In related news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was bought 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. In the last ninety days, insiders purchased 1,472,969 shares of company stock worth $19,324,419. 3.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC acquired a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $214,000. Eqis Capital Management Inc. acquired a new stake in shares of SeaWorld Entertainment in the third quarter valued at about $332,000. Alpha Windward LLC acquired a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $403,000. Oppenheimer Asset Management Inc. increased its position in shares of SeaWorld Entertainment by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after acquiring an additional 770 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of SeaWorld Entertainment in the first quarter valued at about $486,000. 89.33% 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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