SeaWorld Entertainment (NYSE:SEAS) was downgraded by Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $15.00 price objective on the stock. Citigroup’s price target would indicate a potential downside of 28.09% from the stock’s previous close.
Several other analysts have also recently commented on SEAS. Stifel Nicolaus increased their target price on SeaWorld Entertainment from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. ValuEngine upgraded SeaWorld Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. B. Riley increased their target price on SeaWorld Entertainment from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 9th. Zacks Investment Research cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, May 11th. Finally, Macquarie cut SeaWorld Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 target price on the stock. in a report on Friday, March 2nd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. SeaWorld Entertainment has an average rating of “Hold” and an average price target of $16.10.
Shares of NYSE:SEAS opened at $20.86 on Tuesday. SeaWorld Entertainment has a fifty-two week low of $10.42 and a fifty-two week high of $21.29. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 99.33 and a beta of 0.82. The company has a current ratio of 0.39, a quick ratio of 0.30 and a debt-to-equity ratio of 6.30.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, May 8th. The company reported ($0.73) EPS for the quarter, topping the consensus estimate of ($0.76) by $0.03. The company had revenue of $217.20 million for the quarter, compared to analysts’ expectations of $198.46 million. SeaWorld Entertainment had a positive return on equity of 30.89% and a negative net margin of 15.77%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.72) earnings per share. research analysts predict that SeaWorld Entertainment will post 0.44 EPS for the current fiscal year.
In other news, insider Jack Roddy sold 9,714 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $18.52, for a total transaction of $179,903.28. Following the transaction, the insider now owns 184,863 shares of the company’s stock, valued at $3,423,662.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John T. Reilly sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $18.25, for a total value of $200,750.00. Following the transaction, the insider now directly owns 156,789 shares in the company, valued at approximately $2,861,399.25. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Equitec Proprietary Markets LLC acquired a new position in shares of SeaWorld Entertainment during the first quarter valued at $130,000. Cubist Systematic Strategies LLC lifted its stake in SeaWorld Entertainment by 99.2% in the first quarter. Cubist Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $151,000 after buying an additional 5,080 shares during the period. Stifel Financial Corp acquired a new position in SeaWorld Entertainment in the first quarter valued at about $176,000. BlueCrest Capital Management Ltd acquired a new position in SeaWorld Entertainment in the fourth quarter valued at about $208,000. Finally, MANA Advisors LLC acquired a new position in SeaWorld Entertainment in the fourth quarter valued at about $223,000.
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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