SeaWorld Entertainment Inc (SEAS) Receives Consensus Recommendation of “Buy” from Brokerages

SeaWorld Entertainment Inc (NYSE:SEAS) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.31.

Several analysts have commented on the stock. Macquarie raised shares of SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $26.12 price objective on the stock in a research report on Friday, March 8th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Saturday, March 2nd. Wedbush lifted their price objective on shares of SeaWorld Entertainment from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. TheStreet downgraded shares of SeaWorld Entertainment from a “b-” rating to a “c” rating in a research note on Friday, March 29th. Finally, Citigroup lifted their target price on shares of SeaWorld Entertainment from $21.00 to $22.00 and gave the stock a “sell” rating in a research note on Tuesday, March 12th.

SEAS stock traded down $0.36 during mid-day trading on Tuesday, hitting $23.38. The company had a trading volume of 1,060,934 shares, compared to its average volume of 1,427,748. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.68 and a beta of 1.47. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.36 and a current ratio of 0.47. SeaWorld Entertainment has a 12 month low of $14.69 and a 12 month high of $32.47.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Thursday, February 28th. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). The business had revenue of $280.00 million for the quarter, compared to analyst estimates of $276.09 million. SeaWorld Entertainment had a net margin of 3.26% and a return on equity of 28.25%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Analysts forecast that SeaWorld Entertainment will post 1.25 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of SEAS. Dimensional Fund Advisors LP increased its stake in shares of SeaWorld Entertainment by 12.2% in the third quarter. Dimensional Fund Advisors LP now owns 909,848 shares of the company’s stock worth $28,596,000 after purchasing an additional 99,284 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of SeaWorld Entertainment in the third quarter worth about $626,000. Renaissance Technologies LLC increased its stake in shares of SeaWorld Entertainment by 1,898.1% in the third quarter. Renaissance Technologies LLC now owns 1,180,900 shares of the company’s stock worth $37,116,000 after purchasing an additional 1,121,800 shares in the last quarter. Deutsche Bank AG grew its stake in SeaWorld Entertainment by 242.9% during the third quarter. Deutsche Bank AG now owns 963,083 shares of the company’s stock valued at $30,268,000 after acquiring an additional 682,178 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in SeaWorld Entertainment by 130.6% during the third quarter. BlueMountain Capital Management LLC now owns 64,547 shares of the company’s stock valued at $2,029,000 after acquiring an additional 36,557 shares in the last quarter. Hedge funds and other institutional investors own 84.52% of the company’s stock.

SeaWorld Entertainment Company Profile

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 Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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