SunTrust Banks, Inc. Initiates Coverage on SeaWorld Entertainment Inc (SEAS)

2017-04-15 21:50:25 by RoOz
Business Finance The of Guardians Galaxy 

Tweet Equities researchers at SunTrust Banks, Inc. assumed coverage on shares of SeaWorld Entertainment Inc (NYSE:SEAS) in a note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock. Other analysts have also recently issued reports about the company. Goldman Sachs Group Inc initiated coverage on SeaWorld Entertainment in a report on Thursday, April 6th. They issued a “sell” rating and a $16.00 target price for the company. FBR & Co restated a “buy” rating on shares of SeaWorld Entertainment in a report on Thursday, December 15th. Janney Montgomery Scott restated a “buy” rating and issued a $24.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, March 1st. Barclays PLC upped their target price on SeaWorld Entertainment from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, March 17th. Finally, Macquarie upgraded SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Wednesday, December 14th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and an average target price of $17.11. SeaWorld Entertainment ( NYSE:SEAS ) traded down 1.54% during mid-day trading on Wednesday, hitting $16.01. The stock had a trading volume of 1,878,158 shares. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $21.84. The company’s market cap is $1.37 billion. The firm’s 50-day moving average price is $18.16 and its 200 day moving average price is $17.33. //www.americanbankingnews.com/2017/04/12/suntrust-banks-inc-initiates-coverage-on-seaworld-entertainment-inc-seas.html SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. SeaWorld Entertainment had a negative net margin of 0.87% and a positive return on equity of 6.17%. The firm earned $267.60 million during the quarter, compared to analyst estimates of $268.46 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that SeaWorld Entertainment will post $0.76 EPS for the current year. ILLEGAL ACTIVITY NOTICE: This piece was originally reported owned by of viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/04/12/suntrust-banks-inc-initiates-coverage-on-seaworld-entertainment-inc-seas.html. Several institutional investors have recently added to or reduced their stakes in SEAS. Capital World Investors acquired a new position in SeaWorld Entertainment during the third quarter worth $37,793,000. State of New Jersey Common Pension Fund D boosted its position in SeaWorld Entertainment by 82.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the company’s stock worth $41,788,000 after buying an additional 1,400,000 shares in the last quarter. Indus Capital Partners LLC acquired a new position in SeaWorld Entertainment during the fourth quarter worth $11,468,000. Cardinal Capital Management LLC CT acquired a new position in SeaWorld Entertainment during the fourth quarter worth $7,962,000. Finally, Renaissance Technologies LLC acquired a new position in SeaWorld Entertainment during the fourth quarter worth $7,345,000. Institutional investors and hedge funds own 91.42% of the company’s stock. About SeaWorld Entertainment SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. SeaWorld Entertainment Inc SeaWorld Entertainment Inc

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