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

SeaWorld Entertainment, Inc. (NYSE:SEAS) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $66.64.

Several research analysts have recently commented on SEAS shares. Morgan Stanley decreased their price objective on SeaWorld Entertainment from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, November 9th. The Goldman Sachs Group decreased their price objective on SeaWorld Entertainment from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Monday, July 24th. Truist Financial raised their price objective on SeaWorld Entertainment from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Macquarie decreased their price objective on SeaWorld Entertainment from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on SeaWorld Entertainment from $84.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th.

SeaWorld Entertainment Stock Performance

SEAS stock opened at $49.33 on Thursday. SeaWorld Entertainment has a fifty-two week low of $40.87 and a fifty-two week high of $68.19. The business’s 50-day moving average is $45.58 and its two-hundred day moving average is $51.29. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 13.08 and a beta of 1.89.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Wednesday, November 8th. The company reported $1.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.92. SeaWorld Entertainment had a negative return on equity of 63.89% and a net margin of 14.07%. The company had revenue of $548.20 million for the quarter, compared to the consensus estimate of $546.89 million. During the same quarter in the prior year, the company earned $1.99 earnings per share. SeaWorld Entertainment’s revenue was down 3.0% on a year-over-year basis. Equities analysts predict that SeaWorld Entertainment will post 3.83 earnings per share for the current year.

Insider Transactions at SeaWorld Entertainment

In other news, CEO Marc Swanson sold 4,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $48.30, for a total value of $193,200.00. Following the completion of the transaction, the chief executive officer now owns 148,537 shares in the company, valued at approximately $7,174,337.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Marc Swanson sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $48.30, for a total transaction of $193,200.00. Following the completion of the sale, the chief executive officer now directly owns 148,537 shares of the company’s stock, valued at approximately $7,174,337.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider George Anthony Taylor sold 44,873 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On SeaWorld Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of SEAS. Waratah Capital Advisors Ltd. bought a new stake in SeaWorld Entertainment during the 1st quarter valued at $98,070,000. HG Vora Capital Management LLC bought a new position in shares of SeaWorld Entertainment in the 3rd quarter worth $69,375,000. Invesco Ltd. raised its position in shares of SeaWorld Entertainment by 579.7% in the 1st quarter. Invesco Ltd. now owns 1,122,612 shares of the company’s stock worth $83,566,000 after acquiring an additional 957,438 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of SeaWorld Entertainment by 3,606.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s stock worth $60,142,000 after acquiring an additional 786,122 shares in the last quarter. Finally, JAT Capital Mgmt LP raised its position in shares of SeaWorld Entertainment by 106.1% in the 1st quarter. JAT Capital Mgmt LP now owns 1,391,507 shares of the company’s stock worth $85,313,000 after acquiring an additional 716,408 shares in the last quarter.

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.