SeaWorld Entertainment, Inc. (NYSE:SEAS)‘s stock had its “neutral” rating restated by Citigroup Inc. in a research note issued on Friday. They presently have a $14.00 price objective on the stock, down from their previous price objective of $15.00. Citigroup Inc.’s price objective would suggest a potential upside of 7.53% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Stifel Nicolaus restated a “buy” rating and set a $23.00 target price on shares of SeaWorld Entertainment in a report on Friday, July 14th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $25.00 price target on shares of SeaWorld Entertainment in a research report on Friday, June 16th. ValuEngine raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. TheStreet lowered shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Finally, FBR & Co lowered shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.42.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at 13.02 on Friday. The stock has a 50 day moving average price of $13.32 and a 200 day moving average price of $16.12. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. The stock’s market capitalization is $1.12 billion.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.77. The business had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Equities analysts forecast that SeaWorld Entertainment will post ($1.13) earnings per share for the current year.
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In other news, major shareholder Hill Path Capital Partners Lp bought 54,500 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were bought at an average price of $15.54 per share, with a total value of $846,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the business’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,611,369 shares of company stock worth $21,468,185. 3.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in SeaWorld Entertainment by 0.3% in the second quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after purchasing an additional 144 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of SeaWorld Entertainment by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock worth $857,000 after acquiring an additional 745 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of SeaWorld Entertainment by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after acquiring an additional 770 shares in the last quarter. Legal & General Group Plc grew its stake in shares of SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after acquiring an additional 1,352 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of SeaWorld Entertainment by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock worth $3,015,000 after acquiring an additional 2,500 shares in the last quarter. 89.34% of the stock is currently owned by institutional investors.
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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