Credit Suisse Group Increases SeaWorld Entertainment (NYSE:SEAS) Price Target to $52.00

SeaWorld Entertainment (NYSE:SEAS) had its price objective lifted by equities research analysts at Credit Suisse Group from $34.00 to $52.00 in a research note issued on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 33.54% from the company’s previous close.

Several other equities analysts also recently weighed in on SEAS. Smith Barney Citigroup raised their price target on shares of SeaWorld Entertainment from $28.00 to $34.00 in a research note on Tuesday, December 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on SeaWorld Entertainment from $28.00 to $34.00 in a report on Tuesday, December 1st. KeyCorp upped their target price on SeaWorld Entertainment from $21.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, November 9th. Zacks Investment Research cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley lifted their target price on shares of SeaWorld Entertainment from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. SeaWorld Entertainment currently has a consensus rating of “Buy” and a consensus price target of $29.85.

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NYSE SEAS opened at $38.94 on Tuesday. The company has a debt-to-equity ratio of 220.00, a current ratio of 1.60 and a quick ratio of 1.50. SeaWorld Entertainment has a 1-year low of $6.75 and a 1-year high of $40.66. The company has a market cap of $3.05 billion, a PE ratio of -10.47 and a beta of 2.37. The stock’s 50 day simple moving average is $32.27 and its 200-day simple moving average is $26.04.

In other SeaWorld Entertainment news, insider Marc Swanson sold 7,005 shares of the stock in a transaction that occurred on Thursday, January 7th. The shares were sold at an average price of $33.00, for a total transaction of $231,165.00. Also, insider Christopher Dold sold 2,000 shares of the business’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $33.00, for a total transaction of $66,000.00. Following the completion of the transaction, the insider now owns 127,715 shares of the company’s stock, valued at approximately $4,214,595. The disclosure for this sale can be found here. Insiders have sold 30,100 shares of company stock worth $951,817 over the last 90 days. 0.80% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in SeaWorld Entertainment by 24.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,261 shares of the company’s stock worth $229,000 after purchasing an additional 1,437 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of SeaWorld Entertainment by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 43,536 shares of the company’s stock worth $859,000 after buying an additional 688 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of SeaWorld Entertainment by 2.4% during the third quarter. WINTON GROUP Ltd now owns 90,400 shares of the company’s stock worth $1,783,000 after buying an additional 2,109 shares in the last quarter. First Trust Advisors LP increased its stake in shares of SeaWorld Entertainment by 105.4% during the third quarter. First Trust Advisors LP now owns 30,631 shares of the company’s stock worth $604,000 after buying an additional 15,716 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in SeaWorld Entertainment by 9.2% in the third quarter. Landscape Capital Management L.L.C. now owns 58,991 shares of the company’s stock valued at $1,163,000 after acquiring an additional 4,993 shares in the last quarter. Hedge funds and other institutional investors own 97.81% of the company’s stock.

About SeaWorld Entertainment

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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