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.
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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