Citigroup Inc. Reaffirms Neutral Rating for SeaWorld Entertainment, Inc. (SEAS)
Citigroup Inc. restated their neutral rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a research note released on Friday. They currently have a $14.00 price target on the stock, down from their prior price target of $15.00.
Several other brokerages also recently weighed in on SEAS. Stifel Nicolaus restated a buy rating and set a $23.00 target price on shares of SeaWorld Entertainment in a research note on Friday, July 14th. BidaskClub downgraded SeaWorld Entertainment from a sell rating to a strong sell rating in a research note on Monday, July 24th. B. Riley restated a market perform rating and set a $15.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, August 3rd. FBR & Co downgraded SeaWorld Entertainment from an outperform rating to a market perform rating and lowered their target price for the company from $20.00 to $15.00 in a research note on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) upgraded SeaWorld Entertainment from a sell rating to a neutral rating and raised their target price for the company from $14.44 to $16.00 in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $17.42.
Shares of SeaWorld Entertainment (SEAS) opened at 12.61 on Friday. The firm’s 50-day moving average price is $13.27 and its 200-day moving average price is $16.04. The stock’s market capitalization is $1.08 billion. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.77. The company had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Equities research analysts anticipate that SeaWorld Entertainment will post ($1.13) EPS for the current fiscal year.
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In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Co- bought 64,300 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were purchased at an average price of $15.52 per share, with a total value of $997,936.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The disclosure for this purchase can be found here. Insiders purchased 1,611,369 shares of company stock valued at $21,468,185 over the last quarter. Insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SEAS. Teachers Advisors LLC lifted its holdings in SeaWorld Entertainment by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 108,812 shares of the company’s stock worth $2,060,000 after acquiring an additional 2,882 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in SeaWorld Entertainment by 38.7% in the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after acquiring an additional 16,479 shares during the last quarter. Engineers Gate Manager LP bought a new position in SeaWorld Entertainment in the first quarter worth about $890,000. Parametric Portfolio Associates LLC lifted its holdings in SeaWorld Entertainment by 5.9% in the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock worth $6,721,000 after acquiring an additional 20,491 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in SeaWorld Entertainment in the first quarter worth about $1,235,000. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
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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