Several other research analysts have also recently weighed in on SEAS. Credit Suisse Group AG cut shares of SeaWorld Entertainment from an outperform rating to an underperform rating and set a $15.00 price target on the stock. in a research report on Thursday, May 26th. FBR & Co reissued a buy rating on shares of SeaWorld Entertainment in a research report on Thursday, May 26th. Wedbush reissued a neutral rating and set a $16.00 price target (down previously from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a strong sell rating to a hold rating in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SeaWorld Entertainment from $18.00 to $14.00 and set a neutral rating on the stock in a report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. SeaWorld Entertainment has a consensus rating of Hold and an average price target of $15.07.
SeaWorld Entertainment (NYSE:SEAS) opened at 13.23 on Tuesday. The firm’s 50-day moving average is $12.94 and its 200 day moving average is $16.40. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $21.85. The company has a market capitalization of $1.13 billion, a PE ratio of 54.44 and a beta of 0.60.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $371.10 million for the quarter, compared to analysts’ expectations of $377.19 million. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities analysts expect that SeaWorld Entertainment will post $0.61 EPS for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.02%. SeaWorld Entertainment’s payout ratio is 381.84%.
Several hedge funds have recently added to or reduced their stakes in SEAS. State of New Jersey Common Pension Fund D raised its stake in SeaWorld Entertainment by 1,114.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,700,000 shares of the company’s stock worth $24,361,000 after buying an additional 1,560,000 shares during the last quarter. Norges Bank purchased a new stake in SeaWorld Entertainment during the fourth quarter worth $18,228,000. Thompson Siegel & Walmsley LLC raised its stake in SeaWorld Entertainment by 45.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,899,095 shares of the company’s stock worth $27,214,000 after buying an additional 590,133 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in SeaWorld Entertainment during the second quarter worth $6,691,000. Finally, Dimensional Fund Advisors LP raised its stake in SeaWorld Entertainment by 20.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,580,293 shares of the company’s stock worth $36,975,000 after buying an additional 433,674 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.
About SeaWorld Entertainment
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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