SeaWorld started at buy with $22 stock price target at SunTrust RH

2017-04-15 22:08:08 by RoOz
News Business Finance The of Guardians Galaxy 

SeaWorld started at buy with $22 stock price target at SunTrust RH SeaWorld started at buy with $22 stock price target at SunTrust RH Apr. 13, 2017 at 6:59 a.m. ET by Tomi Kilgore Mar. 24, 2017 at 4:44 p.m. ET by Barbara Kollmeyer SeaWorld's stock still inactive in premarket trade SeaWorld's stock still inactive in premarket trade Mar. 24, 2017 at 7:05 a.m. ET by Tomi Kilgore Blackstone to sell its Seaworld stake to China's Zhonghong at a 33% premium to market prices SeaWorld Entertainment Inc. said Friday it was selling a 21% equity stake held by affiliates of the Blackstone Group to a subsidiary of China's Zhonghong Zhuoye Group Co. Ltd. for $23 a share. That represents a 33% premium to Thursday's stock closing price of $17.31. As part of the deal, which is expected to close in the second quarter of 2017, SeaWorld will advise Zhonghong on the development and design of theme parks operated by Zhonghong. SeaWorld will expand its board to 11 members to add two Zhonghong executives. Once the deal is completed, Blackstone will no longer hold any equity interest in SeaWorld or have any board seats. Blackstone is currently SeaWorld's largest shareholder with 19.5 million share, according to FactSet. At $23 a share, that stake would be valued at $448.5 million. "Zhonghong Group is making a significant, long-term investment in SeaWorld, reflecting their appreciation of the strength of our brand, our potential to grow the company and a shared commitment to protect wildlife and the environment," said SeaWorld Chief Executive Joel Manby. The stock, which was still inactive in premarket trade, has slumped 8.6% year to date, while the S&P 500 has gained 4.8%. Mar. 24, 2017 at 7:01 a.m. ET by Tomi Kilgore Zhonghong's purchase of SeaWorld shares at $23 each represents 33% premium to Thursday's close Zhonghong's purchase of SeaWorld shares at $23 each represents 33% premium to Thursday's close Mar. 24, 2017 at 6:50 a.m. ET by Tomi Kilgore Blackstone will no longer hold a stake in SeaWorld or have board seats after Zhonghong deal completed Blackstone will no longer hold a stake in SeaWorld or have board seats after Zhonghong deal completed Mar. 24, 2017 at 6:49 a.m. ET by Tomi Kilgore SeaWorld to expand board to add 2 Zhonghong executives SeaWorld to expand board to add 2 Zhonghong executives Mar. 24, 2017 at 6:48 a.m. ET by Tomi Kilgore SeaWorld to sell 21% equity stake from Blackstone to Zhonhong Zhuoye at $23 a share SeaWorld to sell 21% equity stake from Blackstone to Zhonhong Zhuoye at $23 a share Mar. 24, 2017 at 6:47 a.m. ET by Tomi Kilgore Mar. 16, 2017 at 12:30 p.m. ET by Caitlin Huston Feb. 28, 2017 at 9:52 a.m. ET by Barbara Kollmeyer SeaWorld attendance declines, loss widens SeaWorld Entertainment Inc. reported a bigger loss in the latest quarter, hurt by higher expenses as fewer people visited its venues. Attendance has taken a dive at the amusement park as SeaWorld faced intense public scrutiny over its killer whale program. Last year, the company said it would stop breeding killer whales in a bid to reshape its image, but that has yet to have an impact on ticket sales. Feb. 28, 2017 at 9:51 a.m. ET by MarketWatch.com SeaWorld posts bigger-than-expected quarter loss as revenue falls short SeaWorld Entertainment Inc. said Tuesday it had a net loss of $11.9 million, or 14 cents a share, in the fourth quarter, after a loss of $11.0 million, or 13 cents a share, in the year-earlier period. The operator of 12 theme parks said revenue edged down to $267.6 million from $267.9 million a year ago. The FactSet consensus was for a loss of 10 cents a share and revenue of $269 million. Total attendance fell by about 30,000 guests, or 0.7%, due to the impact of Hurricane Matthew in October and an expected decline in Latin America. That was mostly offset by improved attendance at the company's Texas and California locations. The company said it expects to generate $40 million in savings from a program initiated in the quarter. Shares were not yet active in premarket trade, but have gained 5.6% in the last 12 months, while the S&P 500 has gained about 22%. Feb. 28, 2017 at 6:53 a.m. ET by Ciara Linnane SeaWorld Q4 sees cost savings of $40 mln by end 2018 SeaWorld Q4 sees cost savings of $40 mln by end 2018 Feb. 28, 2017 at 6:48 a.m. ET by Ciara Linnane SeaWorld Q4 total attendance down 0.8% SeaWorld Q4 total attendance down 0.8% Feb. 28, 2017 at 6:48 a.m. ET by Ciara Linnane SeaWorld Q4 FactSet loss per share consensus 10 cents; revenue consensus $269 mln SeaWorld Q4 FactSet loss per share consensus 10 cents; revenue consensus $269 mln Feb. 28, 2017 at 6:47 a.m. ET by Ciara Linnane SeaWorld Q4 revenues $267.6 mln vs. $267.9 mln SeaWorld Q4 revenues $267.6 mln vs. $267.9 mln Feb. 28, 2017 at 6:47 a.m. ET by Ciara Linnane SeaWorld Q4 loss 14 cents vs. loss 13 cents SeaWorld Q4 loss 14 cents vs. loss 13 cents Feb. 28, 2017 at 6:46 a.m. ET by Ciara Linnane SeaWorld now sees 2016 revenue of $1.344 bln, mulls debt refinancing SeaWorld Entertainment Inc. said Tuesday it expects 2016 reveneu of about $1.344 billion, just below the FactSet consensus of $1.345 billion. The theme park operator offered the preliminary guidance in connection with a potential debt refinancing and said it will report final fourth-quarter and full-year earnings on Feb. 28. The company said it expects 2016 attendance of about 22 million guests, matching the FactSet consensus. "We are also exploring a possible debt refinancing transaction in order to improve our capital structure by extending maturities and improving certain other terms of our debt," Chief Executive Joel Manby said in a statement. Shares were not yet active premarket, but have gained 1.1% in the last 12 months, underperforming the S&P 500 , which has gained 22%. Feb. 21, 2017 at 7:09 a.m. ET by Ciara Linnane Seaworld sees 2016 total attendance about 22 mln guests Seaworld sees 2016 total attendance about 22 mln guests Feb. 21, 2017 at 7:02 a.m. ET by Ciara Linnane Seaworld now sees 2016 revenue of $1.344 bln Seaworld now sees 2016 revenue of $1.344 bln Feb. 21, 2017 at 7:02 a.m. ET by Ciara Linnane A graphic look at selected stock activity for the week ended March 24, 2017. Included are Nike, Sears, and Esperion Therapeutics. Mar. 25, 2017 at 3:12 a.m. ET on Barron's Online Blackstone is exiting its stake in SeaWorld Entertainment, reaching a deal to sell shares it held to Chinese investment group Zhonghong Holding. Mar. 24, 2017 at 9:13 a.m. ET on The Wall Street Journal Why Investors Should Worry About Junk Weakness in junk bonds is becoming a worry for the broader market. The two biggest junk-bond exchange-traded funds -- the SPDR Bloomberg Barclays High Yield Bond ETF and the iShares iBoxx $ High Yield Corporate Bond ETF -- are down around 2% this month and are on track for their worst monthly performance since the end of 2015. Mar. 24, 2017 at 9:10 a.m. ET on The Wall Street Journal SeaWorld Entertainment Inc. reported a bigger loss in the latest quarter, hurt by higher expenses as fewer people visited its venues. Feb. 28, 2017 at 9:51 a.m. ET on The Wall Street Journal Jan. 6, 2017 at 12:41 p.m. ET on The Wall Street Journal Jan. 4, 2017 at 6:58 a.m. ET on The Wall Street Journal Dec. 24, 2016 at 12:05 a.m. ET on Barron's Dec. 6, 2016 at 1:56 p.m. ET on The Wall Street Journal Nov. 8, 2016 at 1:32 p.m. ET on The Wall Street Journal Nov. 8, 2016 at 9:19 a.m. ET on The Wall Street Journal Sep. 27, 2016 at 9:02 a.m. ET on The Wall Street Journal Sep. 20, 2016 at 9:21 a.m. ET on The Wall Street Journal Sep. 20, 2016 at 7:22 a.m. ET on The Wall Street Journal Sep. 19, 2016 at 5:18 p.m. ET on The Wall Street Journal Aug. 4, 2016 at 2:36 p.m. ET on The Wall Street Journal Aug. 4, 2016 at 9:30 a.m. ET on The Wall Street Journal Aug. 3, 2016 at 4:50 p.m. ET on The Wall Street Journal May. 5, 2016 at 9:16 p.m. ET on The Wall Street Journal Apr. 15, 2016 at 8:13 a.m. ET on The Wall Street Journal Apr. 12, 2016 at 1:49 p.m. ET on The Wall Street Journal Recent News

Similar news on News

White House: Supreme Court choice could be announced Monday

2017-02-01 13:16:04
WASHINGTON (AP) -- A White House official says President Donald Trump could announce his pick for the Supreme Court as early as Monday. Trump originally said the announcement would come on...

Trump Set to Make His Supreme Court Pick

2017-02-01 13:16:05
WASHINGTON — President Donald Trump has settled on his first Supreme Court nominee and is poised to reveal his selection early this week, two officials say, in an announcement that many inside...

Trump to name Supreme Court nominee this week

2017-02-01 13:16:07
Trump to name Supreme Court nominee this week Jan. 29, 2017 SEND PDF WASHINGTON – The fight over filling the Supreme Court escalates this week when President Donald Trump announces his nominee...

President Donald Trump poised to reveal his selection for Supreme Court early this week

2017-02-01 13:16:08
President Donald Trump has settled on his first Supreme Court nominee and is poised to reveal his selection early this week, two officials say, in an announcement that many inside the White House...

Trump set to make his Supreme Court pick as part of a frenetic Week 2

2017-02-01 13:16:08
Trump set to make his Supreme Court pick as part of a frenetic Week 2 By Jeff Zeleny and Dan Merica, CNN Updated 0031 GMT (0831 HKT) January 30, 2017 Chat with us in Facebook Messenger. Find out...

Similar news on Business

Apps Make Pestering Congress So Easy That It Can't Keep Up | WIRED

2017-02-01 13:16:10
Apps Make Pestering Congress So Easy That It Can't Keep Up subscribe 6 months for $5 - plus a FREE Portable Phone Charger. Author: Klint Finley. Klint Finley Business Date of Publication: 01.29.17....

Scalia's Replacement Won't Be Quite So Originalist - Bloomberg View

2017-02-01 13:16:20
Law Scalia's Replacement Won't Be Quite So Originalist Noah Feldman is a Bloomberg View columnist. He is a professor of constitutional and international law at Harvard University and was a clerk to...

Judge Gorsuch: A Dream Pick for Supreme Court?

2017-02-01 13:16:22
Judge Gorsuch: A Dream Pick for Supreme Court? 01-29-2017 Paul Strand WASHINGTON--The U.S. Supreme Court has been one justice short for almost a year now after the death of Antonin Scalia last...

Google honors sculptor Edmonia Lewis with new Doodle

2017-02-01 13:16:27
Feb. 1 (UPI) -- Google is celebrating the life and career of notable African American and Native American sculptor Edmonia Lewis with a new Doodle. Google's homepage features artwork depicting...

Google Doodle For Edmonia Lewis For National Freedom Day

2017-02-01 13:38:18
Prev Story Next Story Today on the Google home page is a Doodle, special Google logo, with Edmonia Lewis on it. There is really nothing specific to February 1st and Edmonia Lewis, she was not born...

Similar news on Finance

Indian IT sector braces for impact of Donald Trump's immigration order

2017-02-01 16:02:57
Indian IT sector braces for impact of Donald Trump's immigration order Indian IT is keenly watching for Trump's directions on H1-B visa norms January 29, 2017 Last Updated at 21:56 IST email this...

Apple, Intel Lead 6 Dow Stocks In Buy Range Now

2017-02-01 16:03:39
News Apple, Intel Lead 6 Dow Stocks In Buy Range Now Apple, which reports earnings on Tuesday, is one of six Dow industrials stocks that are in buy range right now. (Apple) Reprints The Dow Jones...

Barron’s Calls For Dow 30K Already

2017-02-01 16:03:41
January 29, 2017 at 07:15 AM EST Barron’s Calls For Dow 30K Already From Tyler Durden : The financial magazine which has made an art out of calling for big, round numbers in the Dow Jones...

Magic Recipe Roundup For 1/29/2017

2017-02-01 16:03:46
January 29, 2017 at 09:27 AM EST Magic Recipe Roundup For 1/29/2017 It was a relatively quiet week for turnover in the Magic Recipe Spell , with only 2 stocks trading places and 2 10% movers, both...

How Skyworks Solutions Inc Is Growing Beyond Apple

2017-02-01 16:03:48
Image source: Skyworks Solutions. Skyworks Solutions (NASDAQ: SWKS) investors couldn't have asked for a better start to its fiscal 2017. A first quarter earnings beat and a stronger outlook for the...

Similar news on The

The Latest: Iraqis shocked, saddened by US ban

2017-02-01 16:00:05
The Latest: Iraqis shocked, saddened by US ban - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports Member Center: The Latest: Iraqis shocked, saddened by US ban Posted: Updated: (AP...

Healthy and confident Nadal hoping for resurgent season

2017-02-01 16:00:05
Healthy and confident Nadal hoping for resurgent season Posted: Updated: (AP Photo/Kin Cheung). Spain's Rafael Nadal answers question at press conference following his loss to Switzerland's Roger...

US judge bars deportations under Trump travel ban

2017-02-01 16:00:07
WASHINGTON (AP) — A federal judge's emergency order has temporarily barred the U.S. from deporting people from nations subject to President Donald Trump 's travel ban. The judge said travelers...

PM Trudeau says Canada welcomes refugees

2017-02-01 16:00:09
PM Trudeau says Canada welcomes refugees 2017-01-29T05:33:30Z 2017-01-29T05:33:30Z (Nathan Denette/The Canadian Press via AP, File). FILE - In this Dec. 11, 2015 file photo, Prime Minister Justin...

From Margaret Sanger to Mike Pence: A century of progress — and backsliding — for Planned Parenthood and the right to choose

2017-02-01 16:00:10
Log out Sign in Sunday, Jan 29, 2017 3:00 PM UTC From Margaret Sanger to Mike Pence: A century of progress — and backsliding — for Planned Parenthood and the right to choose Remembering the...

Similar news on of

CVICU Travel Nurse Job in Grapevine Texas - RN - 341748

2017-03-16 16:00:06
Apply Now Assignment Location RN 's who choose to take CVICU jobs in Grapevine, Texas will have an excellent opportunity to expand their skills and get to know this distinctive Travel Nursing Job...

Occupational Therapist Travel Therapy Job in Amarillo Texas - OT - 341741

2017-03-16 16:00:08
Apply Now Assignment Location OT 's who choose to take Occupational Therapist jobs in Amarillo, Texas will have an excellent opportunity to expand their skills and get to know this distinctive...

Josh Duggar Sex Scandal: Whistleblower Comes Forward, is "Not at All Sorry" For Outing Him

2017-03-16 16:00:10
It has been almost two years since 19 Kids and Counting star Josh Duggar was outed for molesting five young girls in the early 2000s. Now we finally know who blew the whistle on him, and why. The...

'Toni Erdmann' Star Joins German 'Fack Ju Gohte' Franchise

2017-03-16 16:00:12
Acclaimed actress Sandra Huller will play a teacher in the third film in the hugely successful, if crude, comedy franchise. read more *Houston (Listeni/'hju?st?n/ HYOO-st?n) is the most populous...

Chris Young @ Houston Rodeo - 4 Tickets Section 103 with Blue Parking Pass

2017-03-16 16:00:16
Image not available Photos not available for this variation Chris Young @ Houston Rodeo - 4 Tickets Section 103 with Blue Parking Pass Condition:

Similar news on Guardians

Sex Scandal & Mom’s Death: Inside David Letterman’s Downward Spiral

2017-04-15 20:00:25
The moment fans have been waiting for is here at last. April the giraffe is ready to give birth! After months of anticipation, the 15-year-old giraffe is about to deliver at Animal Adventure Park....

April the giraffe says stop questioning my pregnancy – CNET

2017-04-15 20:01:48
http://ift.tt/eA8V8J Or at least that’s what her zookeepers say anyway. They urge webcam viewers to be patient; the calf will come out when it’s ready. April 12, 2017 at...

Good Wednesday Morning.

2017-04-15 20:02:34
dear ladies. Heh heh. Thanks Cookie. Now everyone thinks I'm pregnant! I might look like I am, but NOOO, not me, it's April. LOL. Who's April? She's a giraffe in a New York state zoo that is due to...

Watch: Denver Zoo Posts Video Update On Dobby The Giraffe

2017-04-15 20:03:05
DENVER (CBS4) – Dobby the giraffe appears to be loving life at the Denver Zoo. Wednesday morning, the zoo posted an update on their baby giraffe, showing him out “stretching his legs in this...

Mock Gathering – Disney World

2017-04-15 20:03:44
Okay, usually Mock Gatherings are focused on staying under a certain budget, but I am going to blow that a little for this one. Arguments have been made that people use their vacation time in order...

Similar news on Galaxy

Sex Scandal & Mom’s Death: Inside David Letterman’s Downward Spiral

2017-04-15 20:00:25
The moment fans have been waiting for is here at last. April the giraffe is ready to give birth! After months of anticipation, the 15-year-old giraffe is about to deliver at Animal Adventure Park....

April the giraffe says stop questioning my pregnancy – CNET

2017-04-15 20:01:48
http://ift.tt/eA8V8J Or at least that’s what her zookeepers say anyway. They urge webcam viewers to be patient; the calf will come out when it’s ready. April 12, 2017 at...

Good Wednesday Morning.

2017-04-15 20:02:34
dear ladies. Heh heh. Thanks Cookie. Now everyone thinks I'm pregnant! I might look like I am, but NOOO, not me, it's April. LOL. Who's April? She's a giraffe in a New York state zoo that is due to...

Watch: Denver Zoo Posts Video Update On Dobby The Giraffe

2017-04-15 20:03:05
DENVER (CBS4) – Dobby the giraffe appears to be loving life at the Denver Zoo. Wednesday morning, the zoo posted an update on their baby giraffe, showing him out “stretching his legs in this...

Mock Gathering – Disney World

2017-04-15 20:03:44
Okay, usually Mock Gatherings are focused on staying under a certain budget, but I am going to blow that a little for this one. Arguments have been made that people use their vacation time in order...