FBR & Co lowered shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from an outperform rating to a market perform rating in a report issued on Thursday. FBR & Co currently has $15.00 price target on the stock.

A number of other brokerages have also recently weighed in on SEAS. Zacks Investment Research raised 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 note on Wednesday, May 10th. Barclays PLC reissued an underweight rating and issued a $17.00 price target (up previously from $16.00) on shares of SeaWorld Entertainment in a research note on Monday, May 15th. Stifel Nicolaus reissued a buy rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. Finally, ValuEngine raised SeaWorld Entertainment from a sell rating to a hold rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $17.23.

SeaWorld Entertainment (NYSE SEAS) traded up 2.53% during midday trading on Thursday, hitting $14.21. 3,306,557 shares of the company’s stock traded hands. The company has a 50 day moving average of $15.42 and a 200-day moving average of $17.38. The company has a market capitalization of $1.21 billion, a PE ratio of 125.75 and a beta of 0.73. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.13. The company had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $205.59 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.56) EPS. Equities research analysts predict that SeaWorld Entertainment will post $0.67 earnings per share for the current year.

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In related news, CFO Peter J. Crage sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.20, for a total value of $54,600.00. Following the completion of the sale, the chief financial officer now owns 275,435 shares of the company’s stock, valued at approximately $5,012,917. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Delaware L.P. Sw sold 19,452,063 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $23.00, for a total value of $447,397,449.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,540,475 shares of company stock worth $63,638,585. Company insiders own 3.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of SeaWorld Entertainment by 2,126.8% in the second quarter. BNP Paribas Arbitrage SA now owns 41,708 shares of the company’s stock valued at $679,000 after buying an additional 39,835 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of SeaWorld Entertainment by 2.1% in the second quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock valued at $1,323,000 after buying an additional 1,656 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SeaWorld Entertainment by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock valued at $9,591,000 after buying an additional 12,371 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in shares of SeaWorld Entertainment by 24.5% in the second quarter. Olstein Capital Management L.P. now owns 766,940 shares of the company’s stock valued at $12,478,000 after buying an additional 151,090 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of SeaWorld Entertainment by 3.4% in the second quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock valued at $1,272,000 after buying an additional 2,541 shares during the last quarter.

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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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