SeaWorld Entertainment (NYSE:SEAS) Given a $22.00 Price Target by Bank of America Analysts

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Bank of America set a $22.00 price objective on SeaWorld Entertainment (NYSE:SEAS) in a report published on Tuesday morning, TipRanks reports. The brokerage currently has a sell rating on the stock.

SEAS has been the subject of several other reports. B. Riley set a $36.00 price objective on shares of SeaWorld Entertainment and gave the company a buy rating in a research report on Monday, July 8th. TheStreet raised shares of SeaWorld Entertainment from a c rating to a b- rating in a research report on Tuesday, August 6th. Goldman Sachs Group raised shares of SeaWorld Entertainment from a neutral rating to a buy rating and increased their price objective for the company from $31.00 to $39.00 in a research report on Friday, June 21st. ValuEngine lowered shares of SeaWorld Entertainment from a buy rating to a hold rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research raised shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $36.00 price objective for the company in a research report on Saturday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $32.51.

Shares of SEAS stock traded down $0.69 during mid-day trading on Tuesday, hitting $27.01. 1,368,890 shares of the stock traded hands, compared to its average volume of 1,623,464. The stock has a market cap of $2.24 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.53 and a beta of 1.20. The stock’s fifty day moving average is $30.17 and its two-hundred day moving average is $28.53. SeaWorld Entertainment has a 52-week low of $21.36 and a 52-week high of $34.72. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.34 and a quick ratio of 0.25.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The business had revenue of $406.00 million during the quarter, compared to analyst estimates of $411.77 million. SeaWorld Entertainment had a net margin of 7.24% and a return on equity of 45.30%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. As a group, equities analysts forecast that SeaWorld Entertainment will post 1.61 EPS for the current fiscal year.

In related news, insider Marc Swanson sold 5,827 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $29.98, for a total value of $174,693.46. Following the completion of the transaction, the insider now directly owns 113,962 shares of the company’s stock, valued at approximately $3,416,580.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Atria Investments LLC acquired a new position in SeaWorld Entertainment in the 2nd quarter worth approximately $341,000. Nomura Holdings Inc. increased its holdings in SeaWorld Entertainment by 748.4% in the 2nd quarter. Nomura Holdings Inc. now owns 143,133 shares of the company’s stock worth $4,404,000 after buying an additional 126,262 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in SeaWorld Entertainment in the 2nd quarter worth approximately $65,220,000. Intrinsic Edge Capital Management LLC increased its holdings in SeaWorld Entertainment by 9.2% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 541,277 shares of the company’s stock worth $16,780,000 after buying an additional 45,387 shares during the period. Finally, Maverick Capital Ltd. increased its holdings in SeaWorld Entertainment by 100.2% in the 2nd quarter. Maverick Capital Ltd. now owns 59,220 shares of the company’s stock worth $1,836,000 after buying an additional 29,640 shares during the period.

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 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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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