Shares of SeaWorld Entertainment Inc (NYSE:SEAS) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.33.
Several research firms recently weighed in on SEAS. Stifel Nicolaus upped their price objective on shares of SeaWorld Entertainment from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Friday. Citigroup cut shares of SeaWorld Entertainment from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Tuesday, June 12th. ValuEngine raised shares of SeaWorld Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 26th. Finally, SunTrust Banks upped their price objective on shares of SeaWorld Entertainment to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th.
In other SeaWorld Entertainment news, insider Jack Roddy sold 9,714 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $18.52, for a total transaction of $179,903.28. Following the completion of the transaction, the insider now owns 184,863 shares of the company’s stock, valued at $3,423,662.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new position in SeaWorld Entertainment during the second quarter worth about $532,000. MetLife Investment Advisors LLC acquired a new position in shares of SeaWorld Entertainment in the fourth quarter valued at approximately $436,000. Managed Asset Portfolios LLC increased its stake in shares of SeaWorld Entertainment by 19.3% in the first quarter. Managed Asset Portfolios LLC now owns 458,733 shares of the company’s stock valued at $6,803,000 after buying an additional 74,293 shares during the period. Engineers Gate Manager LP acquired a new position in shares of SeaWorld Entertainment in the first quarter valued at approximately $2,808,000. Finally, DSAM Partners London Ltd acquired a new position in shares of SeaWorld Entertainment in the second quarter valued at approximately $12,290,000. 99.36% of the stock is owned by hedge funds and other institutional investors.
SEAS traded down $0.62 on Thursday, hitting $25.00. 2,793,149 shares of the stock were exchanged, compared to its average volume of 3,579,722. SeaWorld Entertainment has a 12 month low of $10.42 and a 12 month high of $26.26. The company has a quick ratio of 0.30, a current ratio of 0.44 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 122.00 and a beta of 0.77.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). SeaWorld Entertainment had a positive return on equity of 6.69% and a negative net margin of 0.42%. The firm had revenue of $391.90 million for the quarter, compared to the consensus estimate of $369.29 million. During the same period in the prior year, the company earned ($2.05) EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts anticipate that SeaWorld Entertainment will post 0.61 EPS for the current fiscal year.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.
Further Reading: Understanding Price to Earnings Ratio (PE)
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