SeaWorld Entertainment’s (SEAS) “Buy” Rating Reaffirmed at SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their buy rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a report issued on Friday morning. SunTrust Banks, Inc. currently has a $16.00 target price on the stock.
Several other equities analysts have also recently weighed in on SEAS. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a research note on Wednesday, August 30th. They issued an overweight rating on the stock. BidaskClub cut shares of SeaWorld Entertainment from a sell rating to a strong sell rating in a research note on Thursday, September 7th. Citigroup Inc. reiterated a neutral rating and issued a $14.00 price objective (down previously from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Wednesday, October 18th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of SeaWorld Entertainment from a sell rating to a neutral rating and increased their price objective for the stock from $14.44 to $16.00 in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. SeaWorld Entertainment has an average rating of Hold and an average price target of $15.82.
Shares of SeaWorld Entertainment (SEAS) traded down $0.43 during midday trading on Friday, hitting $12.15. 2,368,700 shares of the stock were exchanged, compared to its average volume of 2,158,583. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.29 and a current ratio of 0.57. The stock has a market cap of $1,137.69, a P/E ratio of 13.53 and a beta of 0.73. SeaWorld Entertainment has a 12-month low of $10.79 and a 12-month high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). The company had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. equities research analysts forecast that SeaWorld Entertainment will post -2.17 EPS for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,120,169 shares of company stock worth $14,854,443. 3.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hill Path Capital LP grew its holdings in SeaWorld Entertainment by 12.9% during the 3rd quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after buying an additional 1,556,869 shares in the last quarter. Vanguard Group Inc. grew its holdings in SeaWorld Entertainment by 3.7% during the 2nd 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 in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in SeaWorld Entertainment by 7.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after buying an additional 200,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SeaWorld Entertainment by 1.6% during the 2nd 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 in the last quarter. Finally, State Street Corp grew its holdings in SeaWorld Entertainment by 6.6% during the 2nd quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after buying an additional 80,617 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.
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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