SeaWorld Entertainment (NYSE:SEAS) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Saturday, Zacks.com reports.
According to Zacks, "SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. "
Other equities analysts have also recently issued reports about the stock. KeyCorp reduced their price target on shares of SeaWorld Entertainment from $25.00 to $17.00 and set an "overweight" rating on the stock in a research report on Monday, April 20th. Janney Montgomery Scott cut shares of SeaWorld Entertainment from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Thursday, July 9th. Goldman Sachs Group assumed coverage on shares of SeaWorld Entertainment in a research report on Thursday, May 28th. They set a "neutral" rating and a $23.00 price target on the stock. Wells Fargo & Co reduced their price target on shares of SeaWorld Entertainment from $36.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 28th. They noted that the move was a valuation call. Finally, B. Riley cut their price objective on shares of SeaWorld Entertainment from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus price target of $19.09.
Shares of NYSE SEAS opened at $14.47 on Friday. The company's fifty day moving average is $15.86 and its 200-day moving average is $19.88. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 17.02 and a beta of 2.12. SeaWorld Entertainment has a twelve month low of $6.75 and a twelve month high of $36.96. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 14.06.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.72) earnings per share for the quarter, missing analysts' consensus estimates of ($0.63) by ($0.09). The firm had revenue of $153.60 million for the quarter, compared to the consensus estimate of $152.91 million. SeaWorld Entertainment had a return on equity of 58.02% and a net margin of 5.26%. The company's revenue for the quarter was down 30.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) earnings per share. On average, research analysts anticipate that SeaWorld Entertainment will post -1.96 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in SeaWorld Entertainment by 77.1% in the 1st quarter. Invesco Ltd. now owns 156,034 shares of the company's stock valued at $1,719,000 after buying an additional 67,926 shares during the last quarter. Wells Fargo & Company MN increased its stake in SeaWorld Entertainment by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 284,540 shares of the company's stock valued at $3,136,000 after buying an additional 12,623 shares during the last quarter. Two Sigma Advisers LP increased its stake in SeaWorld Entertainment by 267.0% in the 1st quarter. Two Sigma Advisers LP now owns 85,500 shares of the company's stock valued at $942,000 after buying an additional 62,200 shares during the last quarter. Norges Bank acquired a new stake in SeaWorld Entertainment in the 4th quarter valued at $22,499,000. Finally, BNP Paribas Arbitrage SA increased its stake in SeaWorld Entertainment by 107.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 25,729 shares of the company's stock valued at $284,000 after buying an additional 13,342 shares during the last quarter.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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