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.

WARNING: This article was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://theolympiareport.com/2017/08/12/seaworld-entertainment-inc-seas-earns-buy-rating-from-stifel-nicolaus-updated.html.

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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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.