SeaWorld Entertainment (NYSE:SEAS) Price Target Increased to $60.00 by Analysts at Citigroup

SeaWorld Entertainment (NYSE:SEAS – Get Rating) had its price target lifted by Citigroup from $59.00 to $60.00 in a report released on Monday, The Fly reports. Citigroup currently has a neutral rating on the stock.

SEAS has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their target price on SeaWorld Entertainment from $77.00 to $76.00 in a report on Wednesday, November 2nd. StockNews.com downgraded SeaWorld Entertainment from a buy rating to a hold rating in a report on Thursday, November 10th. Credit Suisse Group lowered their target price on SeaWorld Entertainment from $85.00 to $84.00 and set an outperform rating for the company in a report on Thursday, November 10th. Truist Financial lowered their target price on SeaWorld Entertainment from $70.00 to $60.00 and set a buy rating for the company in a report on Wednesday, October 5th. Finally, B. Riley reduced their price objective on SeaWorld Entertainment from $79.00 to $75.00 in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, SeaWorld Entertainment currently has a consensus rating of Moderate Buy and an average price target of $70.00.

SeaWorld Entertainment Price Performance

Shares of SEAS opened at $57.96 on Monday. SeaWorld Entertainment has a 1 year low of $40.01 and a 1 year high of $76.57. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 13.14 and a beta of 2.00. The business has a 50-day moving average of $54.87 and a 200-day moving average of $51.64.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.20). SeaWorld Entertainment had a negative return on equity of 124.48% and a net margin of 18.33%. The company had revenue of $565.21 million for the quarter, compared to the consensus estimate of $578.63 million. As a group, sell-side analysts anticipate that SeaWorld Entertainment will post 4.12 EPS for the current year.

Insider Buying and Selling at SeaWorld Entertainment

In related news, CEO Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $48.75, for a total transaction of $195,000.00. Following the transaction, the chief executive officer now owns 162,129 shares of the company’s stock, valued at $7,903,788.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of SeaWorld Entertainment by 207.7% during the third quarter. Signaturefd LLC now owns 563 shares of the company’s stock valued at $26,000 after buying an additional 380 shares during the last quarter. First Personal Financial Services purchased a new position in shares of SeaWorld Entertainment during the third quarter valued at approximately $35,000. Ellevest Inc. boosted its position in shares of SeaWorld Entertainment by 293.5% during the second quarter. Ellevest Inc. now owns 1,157 shares of the company’s stock valued at $51,000 after buying an additional 863 shares during the last quarter. Lazard Asset Management LLC boosted its position in SeaWorld Entertainment by 133.5% in the second quarter. Lazard Asset Management LLC now owns 1,240 shares of the company’s stock worth $54,000 after purchasing an additional 709 shares during the last quarter. Finally, US Bancorp DE boosted its position in SeaWorld Entertainment by 83.3% in the second quarter. US Bancorp DE now owns 1,547 shares of the company’s stock worth $69,000 after purchasing an additional 703 shares during the last quarter.

About SeaWorld Entertainment

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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.