SeaWorld Entertainment (SEAS) Cut to “Hold” at Zacks Investment Research

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Zacks Investment Research cut shares of SeaWorld Entertainment (NYSE:SEAS) from a buy rating to a hold rating in a research note released on Tuesday.

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 equities analysts also recently issued reports about the stock. Janney Montgomery Scott boosted their target price on shares of SeaWorld Entertainment from $31.00 to $38.00 and gave the stock a buy rating in a research note on Tuesday, October 2nd. ValuEngine cut shares of SeaWorld Entertainment from a strong-buy rating to a buy rating in a report on Thursday, December 20th. KeyCorp set a $35.00 price target on shares of SeaWorld Entertainment and gave the company a buy rating in a report on Monday, December 17th. Citigroup upped their price target on shares of SeaWorld Entertainment from $15.00 to $20.00 and gave the company a sell rating in a report on Thursday, October 4th. Finally, Stifel Nicolaus upped their price target on shares of SeaWorld Entertainment from $35.00 to $37.00 and gave the company a buy rating in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $30.89.

SEAS stock traded up $0.60 during trading on Tuesday, hitting $25.07. 46,778 shares of the stock traded hands, compared to its average volume of 1,547,115. SeaWorld Entertainment has a one year low of $13.58 and a one year high of $32.47. The company has a market capitalization of $2.12 billion, a P/E ratio of 118.93 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 3.99.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Monday, November 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). SeaWorld Entertainment had a net margin of 2.61% and a return on equity of 21.33%. The firm had revenue of $483.20 million for the quarter, compared to the consensus estimate of $479.67 million. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts expect that SeaWorld Entertainment will post 0.71 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAS. Cerebellum GP LLC raised its position in SeaWorld Entertainment by 10.1% during the fourth quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock worth $144,000 after acquiring an additional 596 shares in the last quarter. Ibex Investors LLC bought a new stake in SeaWorld Entertainment during the third quarter worth $212,000. Bank of Montreal Can raised its position in SeaWorld Entertainment by 85.1% during the third quarter. Bank of Montreal Can now owns 7,290 shares of the company’s stock worth $229,000 after acquiring an additional 3,352 shares in the last quarter. Point72 Hong Kong Ltd raised its position in SeaWorld Entertainment by 76.9% during the second quarter. Point72 Hong Kong Ltd now owns 11,335 shares of the company’s stock worth $247,000 after acquiring an additional 4,928 shares in the last quarter. Finally, Signition LP bought a new stake in SeaWorld Entertainment during the third quarter worth $258,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

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 marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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