SeaWorld Entertainment (NYSE:SEAS – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Several other equities research analysts have also recently issued reports on SEAS. Deutsche Bank Aktiengesellschaft raised their price objective on shares of SeaWorld Entertainment from $76.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Citigroup lifted their price target on shares of SeaWorld Entertainment from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, January 9th. Rosenblatt Securities reiterated a “buy” rating and set a $69.00 price target on shares of SeaWorld Entertainment in a research report on Wednesday, March 22nd. B. Riley lifted their price target on shares of SeaWorld Entertainment from $75.00 to $80.00 in a research report on Wednesday, March 1st. Finally, Truist Financial lifted their price target on shares of SeaWorld Entertainment from $60.00 to $72.00 in a research report on Wednesday, March 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.14.
SeaWorld Entertainment Trading Down 1.4 %
SeaWorld Entertainment stock opened at $60.54 on Wednesday. SeaWorld Entertainment has a 12-month low of $40.01 and a 12-month high of $76.57. The stock has a market cap of $3.87 billion, a P/E ratio of 14.24 and a beta of 1.99. The company has a 50-day moving average price of $62.08 and a 200 day moving average price of $56.76.
SeaWorld Entertainment (NYSE:SEAS – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. SeaWorld Entertainment had a net margin of 16.82% and a negative return on equity of 82.50%. The firm had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $387.37 million. During the same period last year, the business earned $0.92 earnings per share. SeaWorld Entertainment’s revenue was up 5.3% compared to the same quarter last year. As a group, analysts forecast that SeaWorld Entertainment will post 5.1 EPS for the current year.
Insider Activity at SeaWorld Entertainment
In related news, CEO Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $55.73, for a total value of $222,920.00. Following the completion of the transaction, the chief executive officer now owns 165,064 shares in the company, valued at $9,199,016.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SeaWorld Entertainment news, insider George Anthony Taylor sold 32,176 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $58.09, for a total transaction of $1,869,103.84. Following the completion of the transaction, the insider now owns 109,984 shares in the company, valued at approximately $6,388,970.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $55.73, for a total transaction of $222,920.00. Following the transaction, the chief executive officer now owns 165,064 shares of the company’s stock, valued at approximately $9,199,016.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,758 shares of company stock worth $3,425,770. Corporate insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in SeaWorld Entertainment by 207.7% during the 3rd quarter. Signaturefd LLC now owns 563 shares of the company’s stock worth $26,000 after purchasing an additional 380 shares during the period. First Personal Financial Services purchased a new position in SeaWorld Entertainment during the 3rd quarter valued at about $35,000. Natixis purchased a new position in SeaWorld Entertainment during the 4th quarter valued at about $76,000. Point72 Hong Kong Ltd purchased a new position in SeaWorld Entertainment during the 2nd quarter valued at about $97,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in SeaWorld Entertainment during the 4th quarter valued at about $106,000.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.