SeaWorld Entertainment (NYSE:SEAS) Trading Up 34.9%

SeaWorld Entertainment Inc (NYSE:SEAS) shares were up 34.9% during trading on Wednesday . The company traded as high as $13.81 and last traded at $18.05, approximately 232,196 shares traded hands during trading. A decline of 93% from the average daily volume of 3,268,822 shares. The stock had previously closed at $13.38.

A number of research analysts have commented on SEAS shares. ValuEngine upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Friday, March 20th. B. Riley cut their price target on shares of SeaWorld Entertainment from $36.00 to $21.00 and set a “buy” rating for the company in a research note on Monday. Stifel Nicolaus cut their price target on shares of SeaWorld Entertainment from $42.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the stock from $27.00 to $9.00 in a research note on Friday, March 20th. Finally, Zacks Investment Research cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.25.

The company has a quick ratio of 0.34, a current ratio of 0.42 and a debt-to-equity ratio of 7.62. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.40. The business’s fifty day moving average is $24.82 and its two-hundred day moving average is $28.81.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.33). The company had revenue of $298.01 million during the quarter, compared to analyst estimates of $288.93 million. SeaWorld Entertainment had a net margin of 6.40% and a return on equity of 61.22%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.13) EPS. Research analysts forecast that SeaWorld Entertainment Inc will post 1.9 EPS for the current year.

In related news, insider Marc Swanson sold 8,107 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $12.89, for a total value of $104,499.23. Following the completion of the sale, the insider now owns 117,668 shares of the company’s stock, valued at $1,516,740.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Partners LLC acquired a new stake in SeaWorld Entertainment during the 4th quarter worth $917,000. Voloridge Investment Management LLC acquired a new stake in SeaWorld Entertainment during the 3rd quarter worth $305,000. Assenagon Asset Management S.A. acquired a new stake in SeaWorld Entertainment during the 4th quarter worth $685,000. Man Group plc grew its holdings in SeaWorld Entertainment by 22.4% during the 3rd quarter. Man Group plc now owns 272,635 shares of the company’s stock worth $7,176,000 after acquiring an additional 49,925 shares during the period. Finally, Maverick Capital Ltd. grew its holdings in SeaWorld Entertainment by 242.7% during the 3rd quarter. Maverick Capital Ltd. now owns 202,944 shares of the company’s stock worth $5,341,000 after acquiring an additional 143,724 shares during the period.

About SeaWorld Entertainment (NYSE:SEAS)

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.

See Also: New Google Finance Tool and Screening Stocks

Receive News & Ratings for SeaWorld Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.