SeaWorld Entertainment’s (SEAS) “Hold” Rating Reiterated at B. Riley

B. Riley reissued their hold rating on shares of SeaWorld Entertainment (NYSE:SEAS) in a research report sent to investors on Friday. The brokerage currently has a $14.00 price target on the stock.

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of SeaWorld Entertainment from a strong sell rating to a sell rating in a research note on Wednesday, August 16th. Barclays cut their price target on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an underweight rating on the stock in a research note on Friday, August 11th. SunTrust Banks reiterated a buy rating and set a $16.00 price target on shares of SeaWorld Entertainment in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $14.00 price target on the stock in a research note on Wednesday, October 18th. Finally, Citigroup reiterated a neutral rating and set a $14.00 price target (down from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment presently has an average rating of Hold and an average price target of $15.73.

SeaWorld Entertainment (NYSE SEAS) traded down $0.12 during midday trading on Friday, reaching $12.77. 2,475,600 shares of the company’s stock were exchanged, compared to its average volume of 2,197,198. SeaWorld Entertainment has a 52 week low of $10.42 and a 52 week high of $20.13. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.45. The firm has a market capitalization of $1,180.00, a PE ratio of 13.73 and a beta of 0.74.

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

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of SeaWorld Entertainment during the third quarter worth approximately $185,000. Sterling Capital Management LLC purchased a new stake in shares of SeaWorld Entertainment during the second quarter worth approximately $214,000. OLD National Bancorp IN purchased a new stake in shares of SeaWorld Entertainment during the third quarter worth approximately $316,000. First Trust Advisors LP increased its stake in shares of SeaWorld Entertainment by 51.0% during the third 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 during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of SeaWorld Entertainment by 49.3% during the third 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 during the period. Hedge funds and other institutional investors own 96.37% of the company’s stock.

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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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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