SeaWorld Entertainment (SEAS) Cut to C at TheStreet

TheStreet cut shares of SeaWorld Entertainment (NYSE:SEAS) from a b- rating to a c rating in a research note issued to investors on Friday, March 29th, TheStreetRatingsTable reports.

A number of other research analysts also recently commented on the company. B. Riley upgraded SeaWorld Entertainment from a neutral rating to a buy rating and upped their price objective for the stock from $30.00 to $34.00 in a research note on Thursday, March 28th. KeyCorp set a $37.00 price objective on SeaWorld Entertainment and gave the stock a buy rating in a research note on Tuesday, March 19th. Citigroup boosted their price target on SeaWorld Entertainment from $21.00 to $22.00 and gave the stock a sell rating in a research report on Tuesday, March 12th. Macquarie upgraded SeaWorld Entertainment from a neutral rating to an outperform rating and set a $26.12 price target for the company in a research report on Friday, March 8th. Finally, Zacks Investment Research upgraded SeaWorld Entertainment from a hold rating to a buy rating and set a $31.00 price target for the company in a research report on Saturday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $32.31.

Shares of NYSE SEAS traded up $0.78 during trading on Friday, reaching $25.73. The stock had a trading volume of 1,878,700 shares, compared to its average volume of 1,381,808. SeaWorld Entertainment has a one year low of $14.69 and a one year high of $32.47. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 5.64. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 2.68 and a beta of 1.47.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. SeaWorld Entertainment had a return on equity of 28.25% and a net margin of 3.26%. The business had revenue of $280.00 million during the quarter, compared to the consensus estimate of $276.09 million. During the same period in the previous year, the business earned ($0.24) EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that SeaWorld Entertainment will post 1.25 earnings per share for the current year.

A number of large investors have recently bought and sold shares of SEAS. Quantamental Technologies LLC acquired a new position in SeaWorld Entertainment during the fourth quarter valued at $31,000. Advisor Group Inc. raised its position in SeaWorld Entertainment by 47.7% during the fourth quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after buying an additional 515 shares during the period. Enlightenment Research LLC acquired a new position in SeaWorld Entertainment during the fourth quarter valued at $38,000. Oppenheimer Asset Management Inc. acquired a new position in SeaWorld Entertainment during the fourth quarter valued at $81,000. Finally, Cerebellum GP LLC raised its position in SeaWorld Entertainment by 10.1% during the fourth quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock valued at $144,000 after buying an additional 596 shares during the period. 84.52% of the stock is currently owned by hedge funds and other institutional investors.

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 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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