Citigroup Inc. upgraded shares of SeaWorld Entertainment Inc. (NYSE:SEAS) from a neutral rating to a buy rating in a report issued on Thursday morning. The firm currently has $14.00 price objective on the stock, up from their prior price objective of $11.77. The analysts noted that the move was a valuation call.
Several other research firms have also weighed in on SEAS. FBR & Co restated a buy rating on shares of SeaWorld Entertainment in a report on Thursday, May 26th. Credit Suisse Group AG lowered SeaWorld Entertainment from an outperform rating to an underperform rating and set a $15.00 target price on the stock. in a report on Thursday, May 26th. Wedbush restated a neutral rating and set a $16.00 target price (down from $18.00) on shares of SeaWorld Entertainment in a report on Monday, June 27th. Zacks Investment Research upgraded SeaWorld Entertainment from a strong sell rating to a hold rating in a report on Thursday, July 7th. Finally, KeyCorp cut their target price on SeaWorld Entertainment from $22.00 to $17.00 and set an overweight rating on the stock in a report on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. SeaWorld Entertainment currently has an average rating of Hold and an average price target of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 13.72 on Thursday. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85. The firm has a market capitalization of $1.17 billion, a PE ratio of 56.46 and a beta of 0.60. The stock’s 50 day moving average price is $12.98 and its 200-day moving average price is $16.29.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The company had revenue of $371.10 million for the quarter, compared to analyst estimates of $377.19 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that SeaWorld Entertainment will post $0.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 27th. This represents a $0.40 annualized dividend and a yield of 2.92%. SeaWorld Entertainment’s dividend payout ratio is 381.84%.
A number of institutional investors have recently modified their holdings of SEAS. BlackRock Inc. raised its position in shares of SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock valued at $160,000 after buying an additional 1,027 shares in the last quarter. Teachers Advisors Inc. increased its stake in SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock worth $2,231,000 after buying an additional 3,227 shares during the last quarter. HRS Investment Holdings LLC increased its stake in SeaWorld Entertainment by 40.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock worth $737,000 after buying an additional 10,000 shares during the last quarter. Olstein Capital Management L.P. bought a new stake in SeaWorld Entertainment during the second quarter worth $5,501,000. Finally, Emerald Acquisition Ltd. bought a new stake in SeaWorld Entertainment during the second quarter worth $6,691,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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