SeaWorld Entertainment Inc (SEAS) Receives New Coverage from Analysts at Stifel Nicolaus
Stifel Nicolaus started coverage on shares of SeaWorld Entertainment Inc (NYSE:SEAS) in a research report released on Thursday. The brokerage issued a buy rating and a $23.00 price objective on the stock.
A number of other equities analysts have also weighed in on the company. Janney Montgomery Scott reaffirmed a buy rating and set a $24.00 target price on shares of SeaWorld Entertainment in a research report on Thursday, April 13th. SunTrust Banks, Inc. began coverage on SeaWorld Entertainment in a research report on Wednesday, April 12th. They set a buy rating and a $22.00 target price on the stock. FBR & Co reaffirmed a buy rating on shares of SeaWorld Entertainment in a research report on Monday, April 10th. Goldman Sachs Group Inc began coverage on SeaWorld Entertainment in a research report on Thursday, April 6th. They set a sell rating and a $16.00 target price on the stock. Finally, Barclays PLC upped their target price on SeaWorld Entertainment from $14.00 to $16.00 and gave the stock an underweight rating in a research report on Friday, March 17th. Five analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $17.78.
SeaWorld Entertainment (NYSE:SEAS) traded up 1.53% on Thursday, reaching $17.24. 1,767,788 shares of the company traded hands. The stock’s market capitalization is $1.47 billion. The firm has a 50 day moving average of $17.70 and a 200-day moving average of $17.43. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $20.44.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, February 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.02. SeaWorld Entertainment had a positive return on equity of 6.17% and a negative net margin of 0.87%. The firm had revenue of $267.60 million for the quarter, compared to analyst estimates of $268.46 million. During the same period in the previous year, the company earned ($0.11) earnings per share. SeaWorld Entertainment’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that SeaWorld Entertainment will post $0.77 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $100,000. Cantab Capital Partners LLP bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $161,000. Ellington Management Group LLC bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $269,000. Quadrature Capital Ltd bought a new stake in SeaWorld Entertainment during the third quarter worth approximately $279,000. Finally, Bayesian Capital Management LP bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $310,000. 91.42% of the stock is owned by institutional investors and hedge funds.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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