SeaWorld Entertainment (NYSE:SEAS) Rating Increased to Buy at Goldman Sachs Group

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.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.62) by $0.18. The firm had revenue of $220.60 million during the quarter, compared to the consensus estimate of $215.91 million. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.73) earnings per share. Equities analysts forecast that SeaWorld Entertainment will post 1.48 earnings per share for the current fiscal year.

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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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