KeyCorp started coverage on shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) in a report released on Wednesday. The brokerage issued an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus restated a buy rating and set a $23.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, July 14th. Janney Montgomery Scott restated a buy rating and set a $25.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, June 16th. ValuEngine upgraded SeaWorld Entertainment from a hold rating to a buy rating in a research note on Thursday, August 10th. TheStreet lowered SeaWorld Entertainment from a c- rating to a d rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded SeaWorld Entertainment from a strong sell rating to a hold rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $16.58.

Shares of SeaWorld Entertainment (NYSE SEAS) opened at 12.89 on Wednesday. The stock’s market capitalization is $1.11 billion. The company has a 50-day moving average of $14.16 and a 200-day moving average of $16.74. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The firm had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same quarter last year, the firm earned $0.21 EPS. SeaWorld Entertainment’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that SeaWorld Entertainment will post ($1.35) EPS for the current fiscal year.

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In related news, major shareholder Hill Path Capital Partners Lp purchased 584,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average price of $17.84 per share, with a total value of $10,418,560.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Hill Path Capital Partners Co- purchased 64,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average cost of $15.52 per share, for a total transaction of $997,936.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,383,619 shares of company stock worth $35,116,960. 3.40% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Alpha Windward LLC bought a new stake in shares of SeaWorld Entertainment during the second quarter valued at about $403,000. Gotham Asset Management LLC bought a new stake in shares of SeaWorld Entertainment during the first quarter valued at about $4,518,000. Parametric Portfolio Associates LLC increased 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 period. Paloma Partners Management Co bought a new stake in shares of SeaWorld Entertainment during the first quarter valued at about $486,000. Finally, Rutabaga Capital Management LLC MA increased its stake in shares of SeaWorld Entertainment by 76.2% in the first quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock valued at $17,529,000 after buying an additional 414,821 shares during the period. 89.34% of the stock is currently owned by institutional investors and hedge funds.

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)

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