SeaWorld Entertainment (NYSE: SEAS – Get Rating) In a report published by The Fly on Monday, Citigroup investment analysts raised their price target from $59.00 to $60.00. Citigroup’s price target indicates a potential upside of 0.27% from the previous closing price.
SEAS has been the subject of many other reports. StockNews.com downgraded SeaWorld Entertainment’s rating from ‘Buy’ to ‘Hold’ in a report on Thursday, November 10th. Credit Suisse Group lowered its price target on SeaWorld Entertainment’s stock from $85.00 to $84.00 in its report on Thursday, November 10, setting the company’s rating to “outperform.” Truist Financial lowered its price target on SeaWorld Entertainment stock from $70.00 to $60.00 in its research notes on Wednesday, October 5, giving the stock a Buy rating. B. Riley lowered SeaWorld Entertainment’s target price from $79.00 to $75.00 in a research note on Thursday, November 10th. Finally, Deutsche Bank Aktiengesellschaft lowered SeaWorld Entertainment’s price target from $77.00 to $76.00 in a research report on Wednesday, November 2nd. Four investment analysts have placed a hold rating on the stock and five have issued a buy rating on the company. According to MarketBeat.com, the company’s consensus rating is “moderate buy” with an average target price of $70.00.
SeaWorld Entertainment shares up 4.8%
SeaWorld Entertainment shares opened at $59.84 on Monday. The company has a market capitalization of $3.82 billion, a PE ratio of 13.57 and a beta of 2.00. SeaWorld Entertainment has a 52-week low of $40.01 and a 52-week high of $76.57. The company has a 50-day simple moving average of $54.87 and a 200-day simple moving average of $51.54.
SeaWorld Entertainment (NYSE: SEAS – Get Rating) last reported earnings on Wednesday, November 9th. The company reported that he earned $1.99 in earnings per share (EPS) for the quarter, falling short of analyst consensus expectations of $2.19 ($0.20). SeaWorld Entertainment had a return on equity of 124.48% and a net profit margin of 18.33%. The business generated $565.21 million in revenue for the quarter, compared with analyst estimates of $578.63 million. On average, research analysts expect SeaWorld Entertainment to record 4.12 EPS for the current financial year.
In other news, CEO Mark Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction on Thursday, October 13th. The shares sold for a total of $195,000.00 at an average price of $48.75. Following the transaction, the CEO now directly owns 162,129 shares of the Company’s stock valued at approximately $7,903,788.75. The transaction was disclosed in filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. His 1.00% of the shares are now owned by insiders.
Institutional investor joins SeaWorld Entertainment
Several large investors have recently changed positions in the business. Penn Capital Management Company LLC boosted his SeaWorld Entertainment position by 15.3% in the third quarter. Penn Capital Management Company LLC now owns 287,014 shares of the company stock worth $13,079,000 after he purchased an additional 38,145 shares during this period. Bank of New York Mellon Corp increased its SeaWorld Entertainment stake by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 199,709 shares worth $9,088,000 after purchasing an additional 610 shares last quarter. Captrust Financial Advisors raised his SeaWorld Entertainment stake by 3.2% in the third quarter. Captrust Financial Advisors now owns 7,705 shares of the company worth $351,000 after purchasing an additional 239 shares during this period. BNP Paribas Arbitrage SNC increased its position in SeaWorld Entertainment by 267.1% in the third quarter. BNP Paribas Arbitrage SNC now owns 57,727 shares in the company valued at $2,627,000 after acquiring a further 42,002 shares in the previous quarter. Finally, Neuberger Berman Group LLC increased its position in SeaWorld Entertainment by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 491,033 shares worth $22,370,000 after acquiring an additional 16,569 shares in the previous quarter.
Seaworld Entertainment Company Profile
SeaWorld Entertainment, Inc., along with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates the SeaWorld theme park in Orlando, Florida. San Antonio, Texas. Busch Gardens theme parks in San Diego, California, Tampa, Florida, and Williamsburg, Virginia.
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