SeaWorld Entertainment’s (SEAS) “Hold” Rating Reiterated at FBR & Co
FBR & Co restated their hold rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research report report published on Thursday morning. They currently have a $14.00 price objective on the stock.
Several other brokerages also recently weighed in on SEAS. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $12.00 target price on shares of SeaWorld Entertainment in a research note on Thursday. BidaskClub upgraded SeaWorld Entertainment from a strong sell rating to a sell rating in a research note on Thursday. Citigroup Inc. restated a neutral rating and set a $14.00 target price (down from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. ValuEngine downgraded SeaWorld Entertainment from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, KeyCorp assumed coverage on SeaWorld Entertainment in a research note on Wednesday, August 30th. They set an overweight rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $16.70.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at 13.29 on Thursday. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The company’s market capitalization is $1.14 billion. The firm has a 50-day moving average price of $12.94 and a 200 day moving average price of $15.52.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business had revenue of $373.80 million for the quarter, compared to the consensus estimate of $395.24 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that SeaWorld Entertainment will post ($1.72) earnings per share for the current year.
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In related news, major shareholder Hill Path Capital Partners Lp acquired 337,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average price of $13.32 per share, with a total value of $4,488,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,472,969 shares of company stock valued at $19,324,419. 3.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $214,000. Alpha Windward LLC acquired a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $403,000. Oppenheimer Asset Management Inc. acquired a new position in shares of SeaWorld Entertainment in the 1st quarter valued at about $466,000. Eqis Capital Management Inc. acquired a new position in shares of SeaWorld Entertainment in the 3rd quarter valued at about $332,000. Finally, Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment in the 1st quarter valued at about $486,000. 89.33% of the stock is 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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