SeaWorld Entertainment, Inc. (SEAS) Research Coverage Started at KeyCorp
A number of other equities analysts also recently issued reports on SEAS. Stifel Nicolaus dropped their price objective on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a buy rating on the stock in a report on Wednesday, August 9th. FBR & Co downgraded shares of 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 report on Wednesday, August 9th. Barclays PLC dropped their price objective on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating on the stock in a report on Friday, August 11th. ValuEngine raised shares of SeaWorld Entertainment from a hold rating to a buy rating in a report on Thursday, August 10th. Finally, B. Riley reissued a market perform rating and issued a $15.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, August 3rd. Three equities research 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 an average rating of Hold and a consensus price target of $16.58.
Shares of SeaWorld Entertainment (SEAS) opened at 12.63 on Wednesday. The stock has a 50 day moving average of $13.83 and a 200 day moving average of $16.53. The company’s market cap is $1.09 billion. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.77. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, equities research analysts expect that SeaWorld Entertainment will post ($1.35) EPS for the current year.
In related news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of SeaWorld Entertainment stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- acquired 64,300 shares of SeaWorld Entertainment stock in a transaction dated Wednesday, July 5th. The shares were bought at an average price of $15.52 per share, for a total transaction of $997,936.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,799,619 shares of company stock worth $24,698,400. 3.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Hill Path Capital LP boosted its stake in SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after buying an additional 7,616,675 shares during the last quarter. Vanguard Group Inc. boosted its stake in SeaWorld Entertainment by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock valued at $90,345,000 after buying an additional 197,177 shares during the last quarter. Van Berkom & Associates Inc. bought a new stake in SeaWorld Entertainment during the first quarter valued at about $54,199,000. Dimensional Fund Advisors LP boosted its stake in SeaWorld Entertainment by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,839,176 shares of the company’s stock valued at $46,194,000 after buying an additional 43,358 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in 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 valued at $45,556,000 after buying an additional 160,000 shares during the last quarter. Hedge funds and other institutional investors own 89.34% 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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