SeaWorld Entertainment Inc (NYSE:SEAS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $32.84 and last traded at $32.62, with a volume of 42841 shares trading hands. The stock had previously closed at $31.95.

SEAS has been the topic of several research reports. Goldman Sachs Group lowered shares of JSR from a “neutral” rating to a “sell” rating in a research note on Friday, June 21st. Janney Montgomery Scott reiterated a “buy” rating and issued a $37.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday, May 8th. KeyCorp set a $37.00 price objective on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research note on Friday, April 12th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, B. Riley set a $36.00 price objective on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.01.

The firm has a 50 day simple moving average of $30.34. The firm has a market cap of $2.56 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 3.08 and a beta of 1.07. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.31 and a current ratio of 0.41.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company had revenue of $220.60 million for the quarter, compared to analyst estimates of $215.91 million. During the same quarter in the prior year, the business posted ($0.73) EPS. SeaWorld Entertainment’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts predict that SeaWorld Entertainment Inc will post 1.48 earnings per share for the current fiscal year.

In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the stock in a transaction on Monday, May 27th. The shares were sold at an average price of $26.71, for a total transaction of $502,945,934.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co boosted its holdings in shares of SeaWorld Entertainment by 39.5% during the 4th quarter. Paloma Partners Management Co now owns 11,536 shares of the company’s stock worth $255,000 after buying an additional 3,264 shares during the period. Convergence Investment Partners LLC boosted its holdings in shares of SeaWorld Entertainment by 104.4% during the 1st quarter. Convergence Investment Partners LLC now owns 53,625 shares of the company’s stock worth $1,381,000 after buying an additional 27,392 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of SeaWorld Entertainment by 208.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,245 shares of the company’s stock worth $610,000 after buying an additional 14,368 shares during the period. Adams Diversified Equity Fund Inc. bought a new stake in shares of SeaWorld Entertainment during the 1st quarter worth $273,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of SeaWorld Entertainment during the 1st quarter worth $232,000. 84.86% of the stock is owned by institutional investors and hedge funds.

About SeaWorld Entertainment (NYSE:SEAS)

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

Further Reading: Are sell-side analysts objective?

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