SeaWorld Entertainment (NYSE:SEAS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a hold rating to a sell rating in a research report report published on Tuesday, 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. “

Several other analysts have also recently weighed in on the stock. Janney Montgomery Scott cut shares of SeaWorld Entertainment from a buy rating to a neutral rating and set a $18.00 target price on the stock. in a report on Thursday, July 9th. Credit Suisse Group raised shares of SeaWorld Entertainment from a neutral rating to an outperform rating and raised their price objective for the stock from $13.00 to $30.00 in a report on Tuesday, October 6th. ValuEngine cut shares of SeaWorld Entertainment from a strong-buy rating to a buy rating in a report on Tuesday, September 1st. KeyCorp raised their price objective on shares of SeaWorld Entertainment from $19.00 to $21.00 and gave the stock an overweight rating in a report on Tuesday, August 11th. Finally, TheStreet cut shares of SeaWorld Entertainment from a c- rating to a d+ rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $21.73.

Shares of NYSE:SEAS opened at $21.28 on Tuesday. The firm’s 50 day moving average price is $21.49 and its 200 day moving average price is $17.57. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -14.48 and a beta of 2.33. SeaWorld Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $36.96. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 220.00.

SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Monday, August 10th. The company reported ($1.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.60). The firm had revenue of $18.00 million during the quarter, compared to analyst estimates of $18.00 million. SeaWorld Entertainment had a negative net margin of 12.05% and a negative return on equity of 54.88%. The firm’s revenue was down 95.6% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. On average, equities analysts anticipate that SeaWorld Entertainment will post -4.24 EPS for the current year.

In related news, insider Christopher Dold sold 13,654 shares of SeaWorld Entertainment stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $20.65, for a total value of $281,955.10. Following the transaction, the insider now directly owns 130,530 shares in the company, valued at approximately $2,695,444.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc Swanson sold 8,936 shares of SeaWorld Entertainment stock in a transaction on Monday, October 12th. The shares were sold at an average price of $23.00, for a total transaction of $205,528.00. Over the last 90 days, insiders have sold 56,083 shares of company stock worth $1,275,130. Insiders own 0.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in SeaWorld Entertainment by 1.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,536 shares of the company’s stock valued at $859,000 after buying an additional 688 shares during the last quarter. US Bancorp DE grew its position in SeaWorld Entertainment by 35.8% in the 2nd quarter. US Bancorp DE now owns 5,021 shares of the company’s stock valued at $74,000 after buying an additional 1,324 shares during the last quarter. IFP Advisors Inc grew its position in SeaWorld Entertainment by 54.6% in the 2nd quarter. IFP Advisors Inc now owns 3,826 shares of the company’s stock valued at $59,000 after buying an additional 1,352 shares during the last quarter. AQR Capital Management LLC grew its position in SeaWorld Entertainment by 14.0% in the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the company’s stock valued at $133,000 after buying an additional 1,485 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in SeaWorld Entertainment by 243.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,470 shares of the company’s stock valued at $49,000 after buying an additional 1,750 shares during the last quarter.

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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