StockNews.com Begins Coverage on SeaWorld Entertainment (NYSE:SEAS)

StockNews.com started coverage on shares of SeaWorld Entertainment (NYSE:SEAS – Get Rating) in a research report released on Thursday. The firm issued a hold rating on the stock.

A number of other research firms have also recently commented on SEAS. Truist Financial lifted their price target on shares of SeaWorld Entertainment from $60.00 to $72.00 in a research note on Wednesday, March 1st. B. Riley lifted their price objective on shares of SeaWorld Entertainment from $75.00 to $80.00 in a report on Wednesday, March 1st. Credit Suisse Group lifted their price objective on shares of SeaWorld Entertainment from $84.00 to $88.00 and gave the company an outperform rating in a report on Wednesday, March 1st. Citigroup lifted their price objective on shares of SeaWorld Entertainment from $59.00 to $60.00 and gave the company a neutral rating in a report on Monday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SeaWorld Entertainment from $76.00 to $84.00 and gave the company a buy rating in a report on Monday, March 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, SeaWorld Entertainment has a consensus rating of Moderate Buy and an average target price of $74.14.

SeaWorld Entertainment Trading Down 1.4 %

SEAS opened at $57.30 on Thursday. The company has a market capitalization of $3.66 billion, a PE ratio of 13.48 and a beta of 2.00. SeaWorld Entertainment has a 1-year low of $40.01 and a 1-year high of $76.57. The firm’s 50 day simple moving average is $62.12 and its two-hundred day simple moving average is $56.25.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. SeaWorld Entertainment had a net margin of 16.82% and a negative return on equity of 82.50%. The company had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $387.37 million. During the same period last year, the company posted $0.92 earnings per share. SeaWorld Entertainment’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that SeaWorld Entertainment will post 5.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $55.73, for a total transaction of $222,920.00. Following the completion of the transaction, the chief executive officer now owns 165,064 shares in the company, valued at approximately $9,199,016.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $55.73, for a total transaction of $222,920.00. Following the completion of the transaction, the chief executive officer now owns 165,064 shares in the company, valued at approximately $9,199,016.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kyle Robert Miller sold 15,119 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $66.00, for a total transaction of $997,854.00. Following the transaction, the insider now owns 19,517 shares of the company’s stock, valued at approximately $1,288,122. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,758 shares of company stock worth $3,425,770. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of SeaWorld Entertainment

Large investors have recently bought and sold shares of the stock. Signaturefd LLC grew its position in SeaWorld Entertainment by 207.7% during the 3rd quarter. Signaturefd LLC now owns 563 shares of the company’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. First Personal Financial Services acquired a new position in SeaWorld Entertainment during the third quarter worth $35,000. Lazard Asset Management LLC raised its position in shares of SeaWorld Entertainment by 133.5% in the second quarter. Lazard Asset Management LLC now owns 1,240 shares of the company’s stock valued at $54,000 after buying an additional 709 shares during the last quarter. Natixis acquired a new stake in shares of SeaWorld Entertainment in the fourth quarter valued at about $76,000. Finally, Covestor Ltd raised its position in shares of SeaWorld Entertainment by 588.6% in the first quarter. Covestor Ltd now owns 1,632 shares of the company’s stock valued at $121,000 after buying an additional 1,395 shares during the last quarter.

SeaWorld Entertainment Company Profile

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SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.