Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $77.00.
SEAS has been the subject of several research reports. StockNews.com upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of SeaWorld Entertainment in a research report on Friday, February 25th. They issued a “neutral” rating for the company. B. Riley lifted their price target on shares of SeaWorld Entertainment from $77.00 to $83.00 in a research report on Friday, February 25th. Credit Suisse Group lifted their price target on shares of SeaWorld Entertainment from $77.00 to $85.00 in a research report on Thursday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of SeaWorld Entertainment from $74.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, March 4th.
In other SeaWorld Entertainment news, insider Sharon P. Nadeau sold 413 shares of the business’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $64.96, for a total transaction of $26,828.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sharon P. Nadeau sold 1,929 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $71.31, for a total transaction of $137,556.99. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of SeaWorld Entertainment by 3.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,699,080 shares of the company’s stock worth $259,953,000 after purchasing an additional 149,454 shares during the last quarter. BlackRock Inc. grew its stake in shares of SeaWorld Entertainment by 1.4% in the fourth quarter. BlackRock Inc. now owns 3,493,366 shares of the company’s stock worth $226,581,000 after purchasing an additional 48,511 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of SeaWorld Entertainment by 36.9% in the third quarter. Hood River Capital Management LLC now owns 1,678,307 shares of the company’s stock worth $92,844,000 after purchasing an additional 452,483 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SeaWorld Entertainment in the fourth quarter worth $89,764,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of SeaWorld Entertainment by 19.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,253,190 shares of the company’s stock worth $81,282,000 after purchasing an additional 205,490 shares during the last quarter.
Shares of SEAS stock opened at $72.94 on Friday. The firm has a 50 day moving average price of $65.00 and a two-hundred day moving average price of $62.98. The company has a quick ratio of 1.45, a current ratio of 1.53 and a debt-to-equity ratio of 183.53. The company has a market capitalization of $5.52 billion, a PE ratio of 22.65 and a beta of 2.20. SeaWorld Entertainment has a 12-month low of $41.94 and a 12-month high of $74.01.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.60. The firm had revenue of $370.82 million during the quarter, compared to the consensus estimate of $341.95 million. SeaWorld Entertainment had a net margin of 17.06% and a negative return on equity of 639.40%. The business’s revenue for the quarter was up 140.7% compared to the same quarter last year. During the same period last year, the business posted ($0.58) earnings per share. As a group, research analysts expect that SeaWorld Entertainment will post 4.1 EPS for the current year.
About SeaWorld Entertainment (Get Rating)
SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.
Further Reading
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