SeaWorld Entertainment, Inc. (SEAS) Earns “Buy” Rating from Stifel Nicolaus
SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued on Wednesday, August 2nd. They presently have a $16.00 price target on the stock, down from their previous price target of $23.00. Stifel Nicolaus’ target price indicates a potential upside of 25.39% from the company’s previous close.
A number of other brokerages have also recently issued reports on SEAS. Zacks Investment Research raised shares of SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Janney Montgomery Scott reissued a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, May 10th. Barclays PLC reissued an “underweight” rating and set a $17.00 price target (up previously from $16.00) on shares of SeaWorld Entertainment in a research report on Monday, May 15th. FBR & Co increased their price target on shares of SeaWorld Entertainment from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, ValuEngine raised shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.25.
SeaWorld Entertainment (NYSE:SEAS) opened at 12.76 on Wednesday. The stock’s 50 day moving average is $15.21 and its 200 day moving average is $17.31. The company has a market cap of $1.09 billion, a P/E ratio of 112.92 and a beta of 0.73. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data 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 net margin of 0.79% and a return on equity of 3.66%. The company had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue was up .7% on a year-over-year basis. Equities analysts anticipate that SeaWorld Entertainment will post $0.65 earnings per share for the current fiscal year.
In other news, major shareholder Hill Path Capital Partners Lp acquired 362,025 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average cost of $17.82 per share, with a total value of $6,451,285.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- acquired 64,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were purchased at an average cost of $15.52 per share, for a total transaction of $997,936.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 3,339,675 shares of company stock valued at $59,861,537. 3.40% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Hill Path Capital LP increased its stake in shares of 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 period. Vanguard Group Inc. increased its stake in shares of SeaWorld Entertainment by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,355,730 shares of the company’s stock valued at $97,849,000 after buying an additional 88,648 shares during the period. Van Berkom & Associates Inc. purchased a new stake in shares of SeaWorld Entertainment during the first quarter valued at approximately $54,199,000. State of New Jersey Common Pension Fund D increased its stake in shares of 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 period. Finally, Dimensional Fund Advisors LP increased its stake in shares of SeaWorld Entertainment by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,795,818 shares of the company’s stock valued at $51,080,000 after buying an additional 249,412 shares during the period.
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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