SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) stock has been given an average rating of “Moderate Buy” from the twelve research firms currently covering the stock, reports MarketBeat.com. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers who have covered the stock over the past year is $70.13.
Several equity analysts recently rated SEAS stock. Deutsche Bank Aktiengesellschaft lowered its price target for SeaWorld Entertainment to $76.00 from $77.00 in a research report on Wednesday. Citigroup raised its price target for SeaWorld Entertainment from $49.00 to $61.00 in a research note on Monday, October 31. Credit Suisse Group lowered its target price on SeaWorld Entertainment to $85.00 from $97.00 and gave the stock a “Outperform” rating in a research note on Monday, October 31. Stifel Nicolaus lowered his price target for SeaWorld Entertainment from $94.00 to $66.00 in a research note on Wednesday, July 20. Finally, KeyCorp lowered SeaWorld Entertainment to a “sector weight” rating in a research report Tuesday, July 19.
Value for money from SeaWorld Entertainment
NYSE:SEAS shares opened at $57.68 on Friday. SeaWorld Entertainment has a 52-week low of $40.01 and a 52-week high of $76.57. The company has a 50-day moving average of $51.82 and a two-hundred-day moving average of $52.38. The stock has a market cap of $3.90 billion, a P/E of 15.59 and a beta of 2.05.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last reported its quarterly earnings results on Thursday, August 4th. The company reported earnings per share of $1.62 for the quarter, beating analysts’ consensus estimate of $1.59 by $0.03. SeaWorld Entertainment had a negative return on equity of 227.46% and a net margin of 16.87%. The company had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $504.35 million. In the same quarter last year, the company generated earnings per share of $1.59. The company’s quarterly revenue increased 14.8% compared to the same quarter last year. As a group, research analysts expect SeaWorld Entertainment to post 4.36 EPS for the current fiscal year.
Insiders place their bets
In related news, insider Christopher L. Finazzo acquired 8,950 shares of the company’s stock in a transaction Monday, September 12. The stock was purchased at an average price of $55.99 per share for a total transaction of $501,110.50. Following the acquisition, the insider now directly owns 72,221 shares of the company’s stock valued at $4,043,653.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this link. In other news, insider Christopher L. Finazzo bought 8,950 shares of the company’s stock in a transaction that took place on Monday, September 12. The stock was acquired at an average price of $55.99 per share for a total transaction of $501,110.50. Following the purchase, the insider now owns 72,221 shares of the company’s stock, valued at approximately $4,043,653.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In addition, CEO Marc Swanson sold 4,000 shares of the company’s stock in a transaction that took place on Thursday, October 13. The stock sold at an average price of $48.75 for a total transaction of $195,000.00. Following the sale, the Chief Executive Officer now owns 162,129 shares of the Company, valued at $7,903,788.75. The disclosure for this sale can be found here. Insiders sold 14,000 shares of the company’s stock for $737,960 over the past 90 days. Company insiders own 1.00% of the company’s stock.
Institutional investors rely on SeaWorld Entertainment
A number of hedge funds and other institutional investors have recently changed their positions in SEAS. First Personal Financial Services acquired a new interest in SeaWorld Entertainment stock valued at approximately $35,000 during the third quarter. Prospera Financial Services Inc acquired a new stake in SeaWorld Entertainment stock valued at $47,000 during the first quarter. Ellevest Inc. increased its stake in SeaWorld Entertainment stock by 293.5% in the second quarter. Ellevest Inc. now owns 1,157 shares of the company’s stock, valued at $51,000, after purchasing an additional 863 shares last quarter. Lazard Asset Management LLC increased its stake in SeaWorld Entertainment stock by 133.5% during the second quarter. Lazard Asset Management LLC now owns 1,240 shares of the company’s stock valued at $54,000 after purchasing an additional 709 shares last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in SeaWorld Entertainment stock valued at $69,000 during the first quarter.
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 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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