SeaWorld Entertainment (NYSE:SEAS) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of SeaWorld Entertainment (NYSE:SEAS) from a buy rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “

Other analysts also recently issued reports about the stock. Truist boosted their target price on shares of SeaWorld Entertainment from $38.00 to $54.00 in a research report on Friday, February 26th. Stifel Nicolaus upped their price objective on shares of SeaWorld Entertainment from $54.00 to $64.00 and gave the stock a buy rating in a report on Wednesday, March 24th. TheStreet upgraded SeaWorld Entertainment from a d rating to a c- rating in a report on Friday, February 26th. Credit Suisse Group upped their price target on SeaWorld Entertainment from $34.00 to $52.00 and gave the stock an outperform rating in a research note on Monday, March 1st. Finally, B. Riley raised their price objective on SeaWorld Entertainment from $53.00 to $65.00 and gave the company a buy rating in a research note on Monday, March 8th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. SeaWorld Entertainment currently has an average rating of Buy and a consensus price target of $41.27.

SEAS opened at $50.99 on Wednesday. The stock has a fifty day moving average price of $47.81 and a 200 day moving average price of $32.48. The company has a current ratio of 1.60, a quick ratio of 1.50 and a debt-to-equity ratio of 220.00. SeaWorld Entertainment has a 1 year low of $9.11 and a 1 year high of $53.92. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -13.71 and a beta of 2.37.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Thursday, February 25th. The company reported ($0.58) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.08. The company had revenue of $154.08 million during the quarter, compared to the consensus estimate of $126.94 million. SeaWorld Entertainment had a negative return on equity of 352.53% and a negative net margin of 50.54%. As a group, sell-side analysts forecast that SeaWorld Entertainment will post -4.01 earnings per share for the current fiscal year.

In other news, insider Elizabeth Gulacsy sold 2,617 shares of SeaWorld Entertainment stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $47.69, for a total transaction of $124,804.73. Following the sale, the insider now owns 114,021 shares of the company’s stock, valued at approximately $5,437,661.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Dold sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $33.00, for a total value of $66,000.00. Following the sale, the insider now owns 127,715 shares in the company, valued at $4,214,595. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,712 shares of company stock valued at $341,617. Insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Hall Laurie J Trustee raised its stake in shares of SeaWorld Entertainment by 65.6% in the 4th quarter. Hall Laurie J Trustee now owns 1,060 shares of the company’s stock valued at $33,000 after buying an additional 420 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in SeaWorld Entertainment by 842.9% during the third quarter. Great West Life Assurance Co. Can now owns 32,956 shares of the company’s stock worth $37,000 after purchasing an additional 29,461 shares during the period. Simon Quick Advisors LLC boosted its holdings in SeaWorld Entertainment by 47.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,369 shares of the company’s stock valued at $43,000 after purchasing an additional 438 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of SeaWorld Entertainment in the 4th quarter valued at approximately $124,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of SeaWorld Entertainment in the 4th quarter valued at approximately $203,000. 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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