SeaWorld Entertainment (SEAS) Shares Up 5.2%

SeaWorld Entertainment Inc (NYSE:SEAS)’s share price shot up 5.2% during trading on Thursday . The stock traded as high as $15.20 and last traded at $14.92. 6,419,294 shares were traded during trading, an increase of 160% from the average session volume of 2,468,549 shares. The stock had previously closed at $14.18.

Several brokerages have commented on SEAS. B. Riley reissued a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, November 1st. Zacks Investment Research raised SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group reissued a “neutral” rating and set a $12.00 price objective on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.73.

The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 5.04. The stock has a market cap of $1,349.31, a PE ratio of -6.54 and a beta of 0.74.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.14). The company had revenue of $437.70 million during the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. SeaWorld Entertainment’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. sell-side analysts predict that SeaWorld Entertainment Inc will post -2.27 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter worth about $214,000. Quantbot Technologies LP bought a new stake in SeaWorld Entertainment in the 3rd quarter worth about $185,000. OLD National Bancorp IN bought a new stake in SeaWorld Entertainment in the 3rd quarter worth about $316,000. First Trust Advisors LP increased its holdings in SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock worth $326,000 after buying an additional 8,483 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in SeaWorld Entertainment by 49.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock worth $332,000 after buying an additional 8,435 shares in the last quarter. 96.37% of the stock is owned by hedge funds and other institutional investors.

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SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.

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