SeaWorld Entertainment Inc (NYSE:SEAS) gapped up prior to trading on Thursday . The stock had previously closed at $25.13, but opened at $26.12. SeaWorld Entertainment shares last traded at $26.71, with a volume of 2105350 shares trading hands.
Several equities research analysts have issued reports on SEAS shares. Stifel Nicolaus lifted their price target on shares of SeaWorld Entertainment from $25.00 to $27.00 and gave the company a “$22.32” rating in a research note on Wednesday, July 18th. TheStreet upgraded shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, August 10th. SunTrust Banks lifted their price target on shares of SeaWorld Entertainment to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Janney Montgomery Scott lifted their price target on shares of SeaWorld Entertainment from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and a consensus price target of $30.25.
The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.34 and a current ratio of 0.44. The company has a market cap of $2.31 billion, a PE ratio of 125.19 and a beta of 1.00.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). SeaWorld Entertainment had a negative net margin of 0.42% and a positive return on equity of 6.69%. The business had revenue of $391.90 million during the quarter, compared to analyst estimates of $369.29 million. During the same quarter in the previous year, the firm posted ($2.05) earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that SeaWorld Entertainment Inc will post 0.66 EPS for the current year.
In other news, insider Christopher Dold sold 8,876 shares of SeaWorld Entertainment stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $25.51, for a total value of $226,426.76. Following the completion of the transaction, the insider now owns 52,046 shares of the company’s stock, valued at approximately $1,327,693.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in SEAS. Davidson Kempner Capital Management LP grew its position in shares of SeaWorld Entertainment by 82.9% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,682,600 shares of the company’s stock valued at $36,714,000 after acquiring an additional 762,445 shares during the period. DSAM Partners London Ltd bought a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $12,290,000. Phocas Financial Corp. bought a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $10,488,000. Intrinsic Edge Capital Management LLC bought a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $9,657,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of SeaWorld Entertainment in the 2nd quarter valued at about $6,018,000. 83.90% of the stock is owned by institutional investors.
SeaWorld Entertainment Company Profile (NYSE:SEAS)
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.
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