SeaWorld Entertainment (NYSE:SEAS – Get Rated) Research analysts at Citigroup lowered their price target from $52.00 to $49.00 in a note issued to investors on Tuesday, The Fly reports. Citigroup’s target price indicates a potential upside of 3.88% from the company’s previous close.
SEAS has been the subject of a number of other reports. Rosenblatt Securities cut its price target on SeaWorld Entertainment stock from $92.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, August 12. KeyCorp cut shares of SeaWorld Entertainment to an “industry weight” rating in a report on Tuesday, July 19. Credit Suisse Group raised its price target on SeaWorld Entertainment shares to $97.00 in a research note on Tuesday, August 9. Truist Financial lowered its price target on SeaWorld Entertainment stock from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, Oct. 5. Ultimately, B. Riley raised his price target on SeaWorld Entertainment stock from $76.00 to $79.00 in a research note on Friday, August 5. Five investment analysts have given the shares a hold rating and five have given the company’s shares a buy rating. According to data from MarketBeat.com, SeaWorld Entertainment has an average rating of “Moderate Buy” and a consensus price target of $71.44.
SeaWorld Entertainment trade up 1.3%
NYSE:SEAS opened at $47.17 on Tuesday. SeaWorld Entertainment has a twelve month minimum of $40.01 and a twelve month maximum of $76.57. The company has a market capitalization of $3.19 billion, a P/E ratio of 12.75, and a beta of 1.99. The company’s 50-day moving average price is $51.61 and its 200-day moving average price is $54.29.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last announced its quarterly earnings results 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 business had revenue of $504.80 million during the quarter, compared to analyst expectations of $504.35 million. SeaWorld Entertainment had a net margin of 16.87% and a negative return on equity of 227.46%. Business revenue for the quarter was up 14.8% year over year. During the same period last year, the company made $1.59 in earnings per share. On average, analysts expect SeaWorld Entertainment to post 4.36 earnings per share for the current year.
Internal transactions at SeaWorld Entertainment
In other news, CEO Marc Swanson sold 4,000 shares of the company in a transaction on Friday, September 16. The shares were sold at an average price of $54.17, for a total transaction of $216,680.00. Following the transaction, the CEO now directly owns 166,129 shares of the company, valued at approximately $8,999,207.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other SeaWorld Entertainment news, insider Christopher L. Finazzo purchased 8,950 shares of the firm in a transaction that occurred on 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 transaction, the insider now directly owns 72,221 shares of the company, valued at $4,043,653.79. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Likewise, CEO Marc Swanson sold 4,000 shares of the company in a transaction carried out on Friday, September 16. The shares were sold at an average price of $54.17, for a total transaction of $216,680.00. Following the completion of the transaction, the CEO now owns 166,129 shares of the company, valued at $8,999,207.93. Disclosure of this sale can be found here. Insiders have sold a total of 14,000 shares of the company valued at $707,240 in the last ninety days. Currently, 1.00% of the shares are owned by insiders of the company.
Institutional entrances and exits
Several institutional investors and hedge funds have recently increased or reduced their holdings in the company. WINTON GROUP Ltd increased its stake in SeaWorld Entertainment by 0.9% in the second quarter. WINTON GROUP Ltd now owns 21,386 shares of the company valued at $945,000 after purchasing an additional 194 shares in the last quarter. First Hawaiian Bank increased its holdings in SeaWorld Entertainment by 4.5% in the third quarter. First Hawaiian Bank now owns 7,464 shares of the company valued at $340,000 after buying an additional 320 shares last quarter. Teacher Retirement System of Texas increased its share of SeaWorld Entertainment stock by 3.6% during the first quarter. Teacher Retirement System of Texas now owns 10,286 shares of the company worth $766,000 after purchasing an additional 353 shares during the period. Commonwealth Equity Services LLC increased its share of SeaWorld Entertainment stock by 8.9% during the first quarter. Commonwealth Equity Services LLC now owns 5,006 shares of the company worth $372,000 after purchasing an additional 410 shares during the period. Finally, First Quadrant LLC CA purchased a new position in SeaWorld Entertainment stock during the first quarter worth approximately $42,000.
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.
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