SeaWorld Entertainment, Inc. (NYSE:SEAS) Given Average Rating of “Moderate Buy” by Brokerages

SeaWorld Entertainment, Inc. (NYSE:SEAS) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $70.89.

A number of equities analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $80.00 price target on shares of SeaWorld Entertainment in a research report on Friday, July 21st. StockNews.com started coverage on SeaWorld Entertainment in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on SeaWorld Entertainment from $84.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Macquarie decreased their price objective on shares of SeaWorld Entertainment from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Finally, Truist Financial lowered their target price on shares of SeaWorld Entertainment from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, July 21st.

Insider Activity

In other SeaWorld Entertainment news, insider George Anthony Taylor sold 44,873 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $48.81, for a total value of $2,190,251.13. Following the sale, the insider now directly owns 85,902 shares of the company’s stock, valued at $4,192,876.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $59.31, for a total transaction of $237,240.00. Following the completion of the transaction, the chief executive officer now directly owns 156,537 shares of the company’s stock, valued at approximately $9,284,209.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider George Anthony Taylor sold 44,873 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $48.81, for a total transaction of $2,190,251.13. Following the completion of the transaction, the insider now owns 85,902 shares of the company’s stock, valued at $4,192,876.62. The disclosure for this sale can be found here. Insiders have sold 53,873 shares of company stock valued at $2,678,251 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of SeaWorld Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of SeaWorld Entertainment during the 1st quarter valued at about $68,000. Natixis purchased a new position in SeaWorld Entertainment during the fourth quarter worth approximately $76,000. Point72 Hong Kong Ltd acquired a new stake in SeaWorld Entertainment in the second quarter valued at approximately $97,000. Lazard Asset Management LLC increased its position in shares of SeaWorld Entertainment by 141.6% in the second quarter. Lazard Asset Management LLC now owns 1,822 shares of the company’s stock valued at $101,000 after buying an additional 1,068 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of SeaWorld Entertainment by 588.6% during the 1st quarter. Covestor Ltd now owns 1,632 shares of the company’s stock worth $121,000 after buying an additional 1,395 shares during the period.

SeaWorld Entertainment Price Performance

Shares of SEAS stock opened at $49.38 on Friday. The stock’s 50-day moving average is $52.84 and its 200 day moving average is $56.51. SeaWorld Entertainment has a 1-year low of $44.38 and a 1-year high of $68.19. The company has a market cap of $3.16 billion, a P/E ratio of 12.86 and a beta of 1.94.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.43). The firm had revenue of $496.00 million during the quarter, compared to the consensus estimate of $513.71 million. SeaWorld Entertainment had a net margin of 14.56% and a negative return on equity of 60.15%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 earnings per share. On average, analysts anticipate that SeaWorld Entertainment will post 4.03 EPS for the current year.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It 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.