SeaWorld Entertainment Inc. (SEAS) Stock Rating Lowered by Citigroup Inc.

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SeaWorld Entertainment Inc. (NYSE:SEAS) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts also recently commented on the stock. Janney Montgomery Scott reissued a “neutral” rating and issued a $14.50 target price (down previously from $19.00) on shares of SeaWorld Entertainment in a report on Monday, August 8th. Credit Suisse Group AG raised shares of SeaWorld Entertainment from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $12.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Dougherty & Co lowered their target price on shares of SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Friday, September 2nd. Zacks Investment Research downgraded shares of SeaWorld Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Finally, Barclays PLC set a $12.00 target price on shares of SeaWorld Entertainment and gave the stock an “underweight” rating in a report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.46.

Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 17.09 on Wednesday. The firm’s 50-day moving average is $15.42 and its 200 day moving average is $14.77. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85. The stock’s market cap is $1.46 billion.

SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, November 8th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $1.06 by $0.29. SeaWorld Entertainment had a positive return on equity of 6.17% and a negative net margin of 0.87%. The company earned $485.30 million during the quarter, compared to analysts’ expectations of $411.29 million. During the same period last year, the firm posted $1.14 EPS. SeaWorld Entertainment’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that SeaWorld Entertainment will post $0.31 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SEAS. BlackRock Inc. boosted its position in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock worth $117,000 after buying an additional 597 shares during the period. Teacher Retirement System of Texas boosted its position in SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock worth $134,000 after buying an additional 533 shares during the last quarter. Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment during the second quarter worth approximately $144,000. Pitcairn Co. bought a new position in SeaWorld Entertainment during the second quarter worth approximately $163,000. Finally, JPMorgan Chase & Co. boosted its position in SeaWorld Entertainment by 12,238.0% in the third quarter. JPMorgan Chase & Co. now owns 12,338 shares of the company’s stock worth $166,000 after buying an additional 12,238 shares during the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.

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