SeaWorld Entertainment (NYSE:SEAS) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, June 21st, Marketbeat Ratings reports. The firm presently has a $39.00 target price on the stock, up from their prior target price of $31.00. Goldman Sachs Group’s target price would suggest a potential upside of 17.01% from the company’s current price.
SEAS has been the subject of a number of other research reports. KeyCorp set a $37.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Friday, April 12th. Citigroup lowered their target price on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, March 12th. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. TheStreet downgraded shares of 22nd Century Group from a “c-” rating to a “d+” rating in a research note on Friday, March 29th. Finally, B. Riley set a $61.00 target price on shares of The Medicines and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.01.
Shares of SEAS stock traded up $0.21 during trading hours on Friday, hitting $33.33. 1,230,561 shares of the company’s stock traded hands, compared to its average volume of 1,548,737. The firm has a 50 day moving average price of $30.47. The stock has a market cap of $2.81 billion, a PE ratio of 32.68, a PEG ratio of 3.20 and a beta of 1.06. SeaWorld Entertainment has a 12 month low of $21.00 and a 12 month high of $33.55. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 7.15.
In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of SeaWorld Entertainment stock in a transaction dated Monday, May 27th. The shares were sold at an average price of $26.71, for a total transaction of $502,945,934.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position in SeaWorld Entertainment by 47.7% during the fourth quarter. Rhumbline Advisers now owns 74,458 shares of the company’s stock valued at $1,645,000 after purchasing an additional 24,051 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in SeaWorld Entertainment by 8.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 45,474 shares of the company’s stock valued at $1,005,000 after purchasing an additional 3,526 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in SeaWorld Entertainment during the fourth quarter valued at $832,000. Acadian Asset Management LLC boosted its position in SeaWorld Entertainment by 3,379.7% during the fourth quarter. Acadian Asset Management LLC now owns 70,220 shares of the company’s stock valued at $1,551,000 after purchasing an additional 68,202 shares during the last quarter. Finally, 361 Capital LLC boosted its position in SeaWorld Entertainment by 69.4% during the fourth quarter. 361 Capital LLC now owns 96,353 shares of the company’s stock valued at $2,128,000 after purchasing an additional 39,462 shares during the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.
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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