BidaskClub Lowers SeaWorld Entertainment, Inc. (SEAS) to Strong Sell

BidaskClub cut shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a sell rating to a strong sell rating in a research note released on Wednesday, October 18th.

Several other research analysts have also weighed in on SEAS. Stifel Nicolaus lowered their price objective on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a buy rating on the stock in a research note on Wednesday, August 9th. FBR & Co lowered shares of SeaWorld Entertainment from an outperform rating to a market perform rating and decreased their price target for the company from $20.00 to $15.00 in a research note on Wednesday, August 9th. Barclays PLC decreased their price target on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating on the stock in a research note on Friday, August 11th. ValuEngine upgraded shares of SeaWorld Entertainment from a hold rating to a buy rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $14.00 price target on the stock in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $16.45.

SeaWorld Entertainment (NYSE SEAS) traded up 0.17% during mid-day trading on Wednesday, reaching $11.85. The company’s stock had a trading volume of 1,686,478 shares. SeaWorld Entertainment has a 52 week low of $11.10 and a 52 week high of $20.13. The stock’s market capitalization is $1.02 billion. The firm has a 50-day moving average of $12.75 and a 200-day moving average of $14.97.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.77. The company had revenue of $373.80 million for the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. SeaWorld Entertainment’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, equities research analysts expect that SeaWorld Entertainment will post ($2.07) earnings per share for the current year.

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In other news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $13.21 per share, for a total transaction of $4,235,482.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $12.67 per share, with a total value of $4,469,976.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,472,969 shares of company stock valued at $19,324,419. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SEAS. UBS Asset Management Americas Inc. increased its position in shares of SeaWorld Entertainment by 38.7% during the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after buying an additional 16,479 shares during the period. American International Group Inc. boosted its stake in SeaWorld Entertainment by 7.1% during the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock worth $753,000 after acquiring an additional 2,730 shares in the last quarter. Teachers Advisors LLC boosted its stake in SeaWorld Entertainment by 7.7% during the first quarter. Teachers Advisors LLC now owns 117,192 shares of the company’s stock worth $2,141,000 after acquiring an additional 8,380 shares in the last quarter. California Public Employees Retirement System boosted its stake in SeaWorld Entertainment by 9.5% during the first quarter. California Public Employees Retirement System now owns 184,500 shares of the company’s stock worth $3,371,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in SeaWorld Entertainment by 1.7% during 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. Institutional investors own 90.38% 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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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