B. Riley Lowers SeaWorld Entertainment (NYSE:SEAS) Price Target to $76.00

SeaWorld Entertainment (NYSE:SEASGet Rating) had its target price lowered by B. Riley from $94.00 to $76.00 in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has a buy rating on the stock.

SEAS has been the subject of a number of other reports. StockNews.com downgraded SeaWorld Entertainment from a buy rating to a hold rating in a research report on Saturday, May 14th. Citigroup lowered their price target on SeaWorld Entertainment from $74.00 to $68.00 in a research report on Friday, May 6th. Rosenblatt Securities started coverage on SeaWorld Entertainment in a research report on Monday, April 25th. They issued a buy rating and a $92.00 price target for the company. JPMorgan Chase & Co. started coverage on SeaWorld Entertainment in a research report on Friday, February 25th. They issued a neutral rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on SeaWorld Entertainment from $74.00 to $83.00 and gave the stock a buy rating in a research report on Friday, March 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, SeaWorld Entertainment currently has a consensus rating of Moderate Buy and an average price target of $77.89.

NYSE SEAS opened at $43.35 on Tuesday. The company has a debt-to-equity ratio of 183.53, a quick ratio of 1.05 and a current ratio of 1.14. The company has a market capitalization of $3.15 billion, a P/E ratio of 11.81 and a beta of 2.14. SeaWorld Entertainment has a one year low of $40.76 and a one year high of $76.57. The stock has a 50 day moving average price of $57.37 and a 200-day moving average price of $62.74.

SeaWorld Entertainment (NYSE:SEASGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. The firm had revenue of $270.70 million during the quarter, compared to the consensus estimate of $263.23 million. SeaWorld Entertainment had a negative return on equity of 690.93% and a net margin of 18.25%. The company’s quarterly revenue was up 57.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.57) EPS. As a group, equities analysts predict that SeaWorld Entertainment will post 4.44 EPS for the current fiscal year.

In other SeaWorld Entertainment news, insider Elizabeth Gulacsy sold 10,500 shares of SeaWorld Entertainment stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $73.34, for a total value of $770,070.00. Following the transaction, the insider now owns 67,479 shares in the company, valued at $4,948,909.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Swanson sold 7,660 shares of SeaWorld Entertainment stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $72.86, for a total value of $558,107.60. Following the completion of the transaction, the chief executive officer now owns 182,656 shares in the company, valued at approximately $13,308,316.16. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of SeaWorld Entertainment by 15.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,390 shares of the company’s stock worth $142,000 after acquiring an additional 320 shares during the last quarter. Maverick Capital Ltd. lifted its holdings in shares of SeaWorld Entertainment by 19.2% during the fourth quarter. Maverick Capital Ltd. now owns 2,073 shares of the company’s stock worth $134,000 after purchasing an additional 334 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of SeaWorld Entertainment by 3.6% during the first quarter. Teacher Retirement System of Texas now owns 10,286 shares of the company’s stock worth $766,000 after purchasing an additional 353 shares during the period. Carroll Financial Associates Inc. lifted its holdings in shares of SeaWorld Entertainment by 1,142.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 435 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of SeaWorld Entertainment by 8.9% during the first quarter. Commonwealth Equity Services LLC now owns 5,006 shares of the company’s stock worth $372,000 after purchasing an additional 410 shares during the period.

About SeaWorld Entertainment (Get Rating)

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

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