SeaWorld Entertainment (NYSE:SEAS) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of SeaWorld Entertainment (NYSE:SEAS) from a buy rating to a hold rating in a research note published on Friday, Zacks.com reports.

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. “

Several other equities research analysts also recently issued reports on the stock. KeyCorp set a $37.00 price objective on shares of SeaWorld Entertainment and gave the stock a buy rating in a research note on Friday, April 12th. Janney Montgomery Scott restated a buy rating and issued a $37.00 target price on shares of SeaWorld Entertainment in a research note on Wednesday, May 8th. Goldman Sachs Group upgraded shares of SeaWorld Entertainment from a neutral rating to a buy rating and upped their target price for the company from $31.00 to $39.00 in a research note on Friday, June 21st. Finally, B. Riley set a $36.00 target price on shares of SeaWorld Entertainment and gave the company a buy rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $33.56.

SEAS traded down $0.17 during trading on Friday, hitting $30.18. 1,670,145 shares of the company’s stock were exchanged, compared to its average volume of 1,391,942. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 7.15. SeaWorld Entertainment has a 1 year low of $21.03 and a 1 year high of $34.72. The stock’s 50 day moving average is $31.39. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.92 and a beta of 1.06.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company had revenue of $220.60 million during the quarter, compared to the consensus estimate of $215.91 million. During the same period in the previous year, the firm earned ($0.73) earnings per share. SeaWorld Entertainment’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that SeaWorld Entertainment will post 1.5 earnings per share for the current year.

In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the company’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of $26.71, for a total value of $502,945,934.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAS. Advisor Group Inc. boosted its stake in SeaWorld Entertainment by 47.7% during the 4th quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after acquiring an additional 515 shares during the last quarter. Signaturefd LLC bought a new position in SeaWorld Entertainment during the 1st quarter valued at $57,000. Quantamental Technologies LLC boosted its stake in SeaWorld Entertainment by 92.7% during the 1st quarter. Quantamental Technologies LLC now owns 2,669 shares of the company’s stock valued at $69,000 after acquiring an additional 1,284 shares during the last quarter. SG Americas Securities LLC bought a new position in SeaWorld Entertainment during the 1st quarter valued at $119,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SeaWorld Entertainment by 30.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the company’s stock valued at $127,000 after acquiring an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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