Wells Fargo & Co upgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a market perform rating to an outperform rating in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have $32.00 price objective on the stock.
SEAS has been the topic of several other reports. ValuEngine lowered SeaWorld Entertainment from a strong-buy rating to a buy rating in a research note on Thursday, December 20th. Janney Montgomery Scott boosted their target price on SeaWorld Entertainment from $31.00 to $38.00 and gave the company a buy rating in a research note on Tuesday, October 2nd. Citigroup boosted their target price on SeaWorld Entertainment from $15.00 to $20.00 and gave the company a sell rating in a research note on Thursday, October 4th. Zacks Investment Research lowered SeaWorld Entertainment from a buy rating to a hold rating in a research note on Tuesday, January 8th. Finally, SunTrust Banks boosted their target price on SeaWorld Entertainment to $36.00 and gave the company a buy rating in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. SeaWorld Entertainment has an average rating of Buy and a consensus target price of $30.40.
SEAS stock opened at $26.40 on Thursday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 125.71 and a beta of 1.26. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.69 and a current ratio of 0.81. SeaWorld Entertainment has a 1-year low of $13.58 and a 1-year high of $32.47.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Monday, November 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The firm had revenue of $483.20 million during the quarter, compared to the consensus estimate of $479.67 million. SeaWorld Entertainment had a net margin of 2.61% and a return on equity of 21.33%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, research analysts predict that SeaWorld Entertainment will post 0.71 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of SEAS. Cerebellum GP LLC raised its stake in shares of SeaWorld Entertainment by 10.1% during the 4th quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock valued at $144,000 after purchasing an additional 596 shares during the period. Ibex Investors LLC bought a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at $212,000. Bank of Montreal Can raised its stake in shares of SeaWorld Entertainment by 85.1% during the 3rd quarter. Bank of Montreal Can now owns 7,290 shares of the company’s stock valued at $229,000 after purchasing an additional 3,352 shares during the period. Signition LP bought a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at $258,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at $324,000. Hedge funds and other institutional investors own 78.53% 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 marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.
Further Reading: The Role of a Fiduciary and Individual Investors
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