SeaWorld Entertainment (NYSE:SEAS) Downgraded to “D+” at TheStreet

TheStreet downgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a c- rating to a d+ rating in a research note released on Monday morning, TheStreetRatingsTable reports.

Several other brokerages also recently weighed in on SEAS. Zacks Investment Research downgraded SeaWorld Entertainment from a buy rating to a hold rating in a research note on Friday, June 25th. B. Riley lifted their price target on SeaWorld Entertainment from $65.00 to $72.00 and gave the stock a buy rating in a research report on Friday, May 7th. KeyCorp lifted their price target on SeaWorld Entertainment from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, May 7th. Finally, Stifel Nicolaus lifted their price target on SeaWorld Entertainment from $73.00 to $74.00 and gave the stock a buy rating in a research report on Thursday, July 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $51.82.

Shares of NYSE:SEAS opened at $46.95 on Monday. SeaWorld Entertainment has a 12-month low of $13.91 and a 12-month high of $58.26. The firm has a fifty day moving average of $51.92. The stock has a market cap of $3.71 billion, a P/E ratio of -12.23 and a beta of 2.45.

SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Thursday, May 6th. The company reported ($0.57) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.83) by $0.26. The business had revenue of $171.90 million for the quarter, compared to analysts’ expectations of $125.40 million. During the same quarter last year, the firm earned ($0.72) earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts expect that SeaWorld Entertainment will post 1.13 earnings per share for the current fiscal year.

In other SeaWorld Entertainment news, insider Christopher Dold sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $54.65, for a total transaction of $109,300.00. Following the completion of the sale, the insider now directly owns 107,569 shares in the company, valued at approximately $5,878,645.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider George Anthony Taylor sold 87,943 shares of the business’s stock in a transaction that occurred on Thursday, May 27th. The stock was sold at an average price of $54.46, for a total value of $4,789,375.78. Following the sale, the insider now owns 249,754 shares of the company’s stock, valued at $13,601,602.84. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

A number of large investors have recently bought and sold shares of SEAS. The PNC Financial Services Group Inc. purchased a new stake in SeaWorld Entertainment during the 1st quarter worth approximately $34,000. O Shaughnessy Asset Management LLC purchased a new stake in SeaWorld Entertainment during the 1st quarter worth approximately $53,000. Harvest Fund Management Co. Ltd purchased a new stake in SeaWorld Entertainment during the 1st quarter worth approximately $58,000. Simon Quick Advisors LLC increased its stake in SeaWorld Entertainment by 29.2% during the 1st quarter. Simon Quick Advisors LLC now owns 1,769 shares of the company’s stock worth $87,000 after buying an additional 400 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in SeaWorld Entertainment during the 1st quarter worth approximately $212,000.

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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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