SeaWorld Entertainment (NYSE:SEAS) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of SeaWorld Entertainment (NYSE:SEAS) from a strong-buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “

A number of other brokerages have also commented on SEAS. ValuEngine lowered SeaWorld Entertainment from a buy rating to a hold rating in a report on Tuesday, August 27th. B. Riley set a $36.00 price objective on SeaWorld Entertainment and gave the company a buy rating in a report on Monday, July 8th. Bank of America set a $22.00 price objective on SeaWorld Entertainment and gave the company a sell rating in a report on Tuesday, September 17th. TheStreet raised SeaWorld Entertainment from a c rating to a b- rating in a report on Tuesday, August 6th. Finally, Goldman Sachs Group raised SeaWorld Entertainment from a neutral rating to a buy rating and upped their price objective for the company from $31.00 to $39.00 in a report on Friday, June 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. SeaWorld Entertainment presently has an average rating of Hold and a consensus target price of $31.71.



NYSE SEAS traded up $0.22 on Wednesday, reaching $26.15. The stock had a trading volume of 15,894 shares, compared to its average volume of 1,650,684. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.34 and a quick ratio of 0.25. The firm has a fifty day moving average of $28.36 and a two-hundred day moving average of $28.62. SeaWorld Entertainment has a 1-year low of $21.36 and a 1-year high of $34.72. The company has a market cap of $2.05 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.12. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The firm had revenue of $406.00 million for the quarter, compared to analyst estimates of $411.77 million. During the same period in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts predict that SeaWorld Entertainment will post 1.61 EPS for the current fiscal year.

In other news, insider Marc Swanson sold 5,827 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $29.98, for a total transaction of $174,693.46. Following the sale, the insider now directly owns 113,962 shares of the company’s stock, valued at approximately $3,416,580.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in SeaWorld Entertainment by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 657,637 shares of the company’s stock valued at $14,527,000 after buying an additional 45,210 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in SeaWorld Entertainment by 208.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,245 shares of the company’s stock valued at $610,000 after buying an additional 14,368 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in SeaWorld Entertainment by 1.0% in the first quarter. Neuberger Berman Group LLC now owns 937,526 shares of the company’s stock valued at $24,138,000 after buying an additional 8,857 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in SeaWorld Entertainment by 11.4% in the first quarter. ClariVest Asset Management LLC now owns 174,595 shares of the company’s stock valued at $4,497,000 after buying an additional 17,852 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in SeaWorld Entertainment in the second quarter valued at about $219,000.

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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