Zacks Investment Research Lowers SeaWorld Entertainment (SEAS) to Hold

Zacks Investment Research downgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a buy rating to a hold rating in a research note released on Wednesday 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. “

SEAS has been the topic of several other reports. SunTrust Banks increased their price target on shares of SeaWorld Entertainment to $36.00 and gave the company a buy rating in a report on Monday, September 24th. Wedbush set a $24.00 price target on shares of SeaWorld Entertainment and gave the company a hold rating in a report on Tuesday, August 7th. Stifel Nicolaus increased their price target on shares of SeaWorld Entertainment from $35.00 to $37.00 and gave the company a buy rating in a report on Tuesday, October 2nd. Citigroup increased their price target on shares of SeaWorld Entertainment from $15.00 to $20.00 and gave the company a sell rating in a report on Thursday, October 4th. Finally, B. Riley increased their price target on shares of SeaWorld Entertainment from $17.00 to $26.00 and gave the company a neutral rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $30.25.

SeaWorld Entertainment stock opened at $26.94 on Wednesday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 39.61 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 3.99. SeaWorld Entertainment has a twelve month low of $12.59 and a twelve month high of $32.47.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Monday, November 5th. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The company had revenue of $483.20 million during the quarter, compared to the consensus estimate of $479.67 million. SeaWorld Entertainment had a net margin of 2.61% and a return on equity of 21.33%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts forecast that SeaWorld Entertainment will post 0.71 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of SeaWorld Entertainment by 14.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,533,302 shares of the company’s stock worth $173,912,000 after purchasing an additional 714,774 shares in the last quarter. BlackRock Inc. grew its position in shares of SeaWorld Entertainment by 3.6% during the 2nd quarter. BlackRock Inc. now owns 4,325,521 shares of the company’s stock worth $94,382,000 after purchasing an additional 150,484 shares in the last quarter. Davidson Kempner Capital Management LP grew its position in shares of SeaWorld Entertainment by 82.9% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,682,600 shares of the company’s stock worth $36,714,000 after purchasing an additional 762,445 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of SeaWorld Entertainment by 1,898.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,180,900 shares of the company’s stock worth $37,116,000 after purchasing an additional 1,121,800 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its position in shares of SeaWorld Entertainment by 14.2% during the 3rd quarter. Emerald Advisers Inc. PA now owns 1,074,433 shares of the company’s stock worth $33,769,000 after purchasing an additional 133,560 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

About SeaWorld Entertainment

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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