Zacks Investment Research upgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a sell rating to a hold rating in a research report released on Thursday morning.
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. “
A number of other brokerages also recently commented on SEAS. SunTrust Banks reissued a buy rating and set a $16.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, November 10th. FBR & Co reaffirmed a hold rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th. B. Riley reaffirmed a neutral rating on shares of SeaWorld Entertainment in a report on Wednesday, November 1st. BidaskClub downgraded SeaWorld Entertainment from a sell rating to a strong sell rating in a report on Wednesday, October 18th. Finally, Janney Montgomery Scott reaffirmed a buy rating on shares of SeaWorld Entertainment in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. SeaWorld Entertainment currently has an average rating of Hold and an average target price of $15.73.
Shares of SeaWorld Entertainment (SEAS) traded down $0.08 during trading on Thursday, hitting $14.84. The stock had a trading volume of 2,466,700 shares, compared to its average volume of 2,468,333. SeaWorld Entertainment has a 1-year low of $10.42 and a 1-year high of $20.13. The firm has a market capitalization of $1,342.08, a P/E ratio of -6.54 and a beta of 0.74. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The company had revenue of $437.70 million for the quarter, compared to analyst estimates of $453.58 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. analysts forecast that SeaWorld Entertainment will post -2.27 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC purchased a new stake in SeaWorld Entertainment in the second quarter valued at approximately $214,000. Quantbot Technologies LP purchased a new stake in SeaWorld Entertainment in the third quarter valued at approximately $185,000. OLD National Bancorp IN purchased a new stake in SeaWorld Entertainment in the third quarter valued at approximately $316,000. First Trust Advisors LP lifted its stake in SeaWorld Entertainment by 51.0% in the third 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 during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in SeaWorld Entertainment by 49.3% in the third quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock valued at $332,000 after buying an additional 8,435 shares during the last quarter. Institutional investors own 96.37% of the company’s stock.
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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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