SeaWorld Entertainment (SEAS) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a hold rating to a buy rating in a research note issued to investors on Thursday. The firm currently has $17.00 target price on the stock.
According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
Several other equities research analysts have also commented on SEAS. B. Riley restated a neutral rating on shares of SeaWorld Entertainment in a research report on Wednesday, November 1st. Stifel Nicolaus lowered their price objective on SeaWorld Entertainment from $16.00 to $15.00 and set a buy rating on the stock in a research report on Wednesday, November 8th. BidaskClub upgraded SeaWorld Entertainment from a strong sell rating to a sell rating in a research report on Friday, November 10th. SunTrust Banks restated a buy rating and issued a $16.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, November 10th. Finally, ValuEngine lowered SeaWorld Entertainment from a buy rating to a hold rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment presently has an average rating of Hold and an average price target of $15.20.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, February 27th. The company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.06). The firm had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $258.97 million. SeaWorld Entertainment had a negative net margin of 16.02% and a positive return on equity of 23.42%. SeaWorld Entertainment’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. equities analysts expect that SeaWorld Entertainment will post 0.33 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its position in shares of SeaWorld Entertainment by 18.3% during the 2nd quarter. Voya Investment Management LLC now owns 31,516 shares of the company’s stock valued at $513,000 after buying an additional 4,869 shares in the last quarter. State Street Corp lifted its position in shares of SeaWorld Entertainment by 6.6% during the 2nd quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after buying an additional 80,617 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of SeaWorld Entertainment by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after buying an additional 745 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of SeaWorld Entertainment by 10.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after buying an additional 13,437 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of SeaWorld Entertainment by 51.0% during the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares in the last quarter. Institutional investors and hedge funds own 96.32% of the company’s stock.
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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