SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, reports MarketBeat Ratings. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts who have covered the stock in the last year is $71.00.
Several brokerage houses have recently intervened in SEAS. Truist Financial lowered its price target on SeaWorld Entertainment shares from $70.00 to $60.00 and set a “buy” rating on the company in a report on Wednesday, October 5. Rosenblatt Securities lowered its price target on SeaWorld Entertainment stock from $92.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, August 12. Stifel Nicolaus lowered SeaWorld Entertainment’s share price target from $94.00 to $66.00 in a research note on Wednesday, July 20. KeyCorp downgraded shares of SeaWorld Entertainment to an “industry weight” rating in a research note on Tuesday, July 19. Finally, Credit Suisse Group raised its price target on SeaWorld Entertainment shares to $97.00 in a research note on Tuesday, August 9.
SeaWorld Entertainment Stock Returns
SEAS shares opened at $48.16 on Wednesday. The company has a market cap of $3.26 billion, a P/E ratio of 13.02, and a beta of 1.99. SeaWorld Entertainment has a fifty-two week minimum of $40.01 and a fifty-two week maximum of $76.57. The company has a 50-day moving average price of $51.60 and a 200-day moving average price of $54.12.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last announced its quarterly earnings data on Thursday, August 4. The company reported earnings per share of $1.62 for the quarter, beating analyst consensus estimates of $1.59 by $0.03. The firm had revenue of $504.80 million during the quarter, compared to analyst estimates of $504.35 million. SeaWorld Entertainment had a net margin of 16.87% and a negative return on equity of 227.46%. The company’s quarterly revenue increased 14.8% year over year. During the same period of the previous year, the business recorded $1.59 EPS. As a group, stock research analysts predict that SeaWorld Entertainment will post 4.36 earnings per share for the current year.
Buying and selling insider information on SeaWorld Entertainment
In other news, CEO Marc Swanson sold 4,000 shares of the company in a transaction on Friday, July 15. The shares were sold at an average price of $41.07, for a total value of $164,280.00. Following the sale, the CEO now directly owns 174,129 shares of the company, valued at approximately $7,151,478.03. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. In other news, CEO Marc Swanson sold 4,000 shares of the company in a transaction on Friday, July 15. The shares were sold at an average price of $41.07, for a total value of $164,280.00. Following the sale, the CEO now directly owns 174,129 shares of the company, valued at approximately $7,151,478.03. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Additionally, insider Christopher L. Finazzo bought 8,950 shares of SeaWorld Entertainment in a transaction dated Monday, September 12. The shares were purchased at an average cost of $55.99 per share, for a total transaction of $501,110.50. Following the completion of the transaction, the insider now directly owns 72,221 shares of the company, valued at $4,043,653.79. Disclosure of this purchase can be found here. In the last ninety days, insiders have sold 14,000 shares of the company valued at $707,240. Currently, 1.00% of the shares are owned by insiders of the company.
Hedge funds weigh on SeaWorld Entertainment
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in SeaWorld Entertainment by 3.0% during the first quarter. Vanguard Group Inc. now owns 5,260,747 shares of the company valued at $391,610,000 after purchasing an additional 155,068 shares during the period. Nomura Holdings Inc. increased its stake in SeaWorld Entertainment by 1.1% during the second quarter. Nomura Holdings Inc. now owns 4,592,751 shares of the company valued at $211,689,000 after acquiring an additional 50,000 shares during the period. Hood River Capital Management LLC increased its stake in SeaWorld Entertainment by 3.7% during the first quarter. Hood River Capital Management LLC now owns 1,746,143 shares of the company valued at $129,983,000 after purchasing an additional 62,636 shares during the period. JAT Capital Mgmt LP increased its stake in SeaWorld Entertainment by 566.4% during the second quarter. JAT Capital Mgmt LP now owns 1,127,245 shares of the company valued at $49,802,000 after purchasing an additional 958,082 shares during the period. Finally, Invesco Ltd. increased its stake in SeaWorld Entertainment by 579.7% during the first quarter. Invesco Ltd. now owns 1,122,612 shares of the company valued at $83,566,000 after acquiring an additional 957,438 shares during the period.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as an entertainment and theme park company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as the Busch Gardens theme parks in Tampa, Florida and Williamsburg, Virginia.
This instant news alert was powered by MarketBeat’s financial data and narrative science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider SeaWorld Entertainment, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market realizes it…and SeaWorld Entertainment wasn’t on the list.
While SeaWorld Entertainment currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here