Stifel Nicolaus Reaffirms Buy Rating for SeaWorld Entertainment, Inc. (SEAS)
Stifel Nicolaus restated their buy rating on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a report released on Wednesday, August 2nd. They currently have a $16.00 target price on the stock, down from their prior target price of $23.00.
A number of other equities analysts also recently weighed in on the stock. Janney Montgomery Scott reaffirmed a buy rating and set a $25.00 target price on shares of SeaWorld Entertainment in a research note on Friday, June 16th. SunTrust Banks, Inc. started coverage on shares of SeaWorld Entertainment in a research note on Wednesday, April 12th. They set a buy rating and a $22.00 target price for the company. Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and raised their target price for the company from $14.44 to $16.00 in a research note on Tuesday, July 18th. BidaskClub raised shares of SeaWorld Entertainment from a strong sell rating to a sell rating in a research report on Friday, June 30th. Finally, FBR & Co raised their price target on shares of SeaWorld Entertainment from $19.00 to $20.00 and gave the company an outperform rating in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $16.58.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 0.63% during mid-day trading on Wednesday, reaching $12.76. The company’s stock had a trading volume of 3,240,631 shares. SeaWorld Entertainment has a 12 month low of $11.10 and a 12 month high of $20.13. The company has a 50-day moving average of $14.78 and a 200-day moving average of $17.10. The company’s market cap is $1.10 billion.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that SeaWorld Entertainment will post ($0.67) earnings per share for the current fiscal year.
In other news, CFO Peter J. Crage sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $18.20, for a total value of $54,600.00. Following the sale, the chief financial officer now directly owns 275,435 shares in the company, valued at approximately $5,012,917. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hill Path Capital Partners Lp purchased 362,025 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of $17.82 per share, for a total transaction of $6,451,285.50. The disclosure for this purchase can be found here. Insiders have bought a total of 3,692,475 shares of company stock worth $64,331,513 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Alpha Windward LLC acquired a new stake in shares of SeaWorld Entertainment during the second quarter valued at $403,000. Parametric Portfolio Associates LLC boosted its stake in shares of SeaWorld Entertainment by 5.9% in the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after buying an additional 20,491 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of SeaWorld Entertainment by 231.3% in the fourth quarter. Quadrature Capital Ltd now owns 68,574 shares of the company’s stock valued at $1,299,000 after buying an additional 47,876 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of SeaWorld Entertainment during the first quarter valued at $4,518,000. Finally, Norges Bank acquired a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at $3,048,000.
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.
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.