In yesterday’s Wall Street session, SeaWorld Entertainment Inc. (NYSE:SEAS) shares traded at $55.77, down -3.80% from the previous session.
As we calculate the median target price by taking the range between a high of $84.00 and a low of $60.00, we find $70.00. Given the previous closing price of $57.97, this indicates a potential upside of 20.75 percent. SEAS stock price is now 1.17% away from the 50-day moving average and 2.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.40B.
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Brokers who have rated the stock have averaged $70.78 as their price target over the next twelve months.
On April 26, 2022, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $92, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, Swanson Marc, Chief Executive Officer sold 4,000 shares of the company’s stock on Oct 13. The stock was sold for $195,000 at an average price of $48.75. Upon completion of the transaction, the Chief Executive Officer now directly owns 162,129 shares in the company, valued at $9.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16, Chief Executive Officer Swanson Marc sold 4,000 shares of the business’s stock. A total of $216,680 was realized by selling the stock at an average price of $54.17. This leaves the insider owning 166,129 shares of the company worth $9.27 million. Insiders disposed of 303,392 shares of company stock worth roughly $16.92 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SEAS stock. A new stake in SeaWorld Entertainment Inc. shares was purchased by HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $27,885,000. ING GROEP NV invested $27,885,000 in shares of SEAS during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in SeaWorld Entertainment Inc. valued at approximately $15,595,000. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. acquired a new stake in SEAS for approximately $14,639,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC purchased a new stake in SEAS valued at around $5,120,000 in the second quarter.
Wednesday morning saw SeaWorld Entertainment Inc. (NYSE: SEAS) opened at $58.21. During the past 12 months, SeaWorld Entertainment Inc. has had a low of $40.01 and a high of $76.57. The fifty day moving average price for SEAS is $55.12 and a two-hundred day moving average price translates $54.37 for the stock.
The latest earnings results from SeaWorld Entertainment Inc. (NYSE: SEAS) was released for Jun, 2022. According to the Leisure Company, earnings per share came in at $1.62, beating analysts’ expectations of $1.53 by 0.09. This compares to $1.28 EPS in the same period last year. The net profit margin was 18.30% and return on equity was -124.50% for SEAS. The company reported revenue of $565.21 million for the quarter, compared to $521.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.44 percent. For the current quarter, analysts expect SEAS to generate $577.22M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/07/2016. Investors who held shares on 09/29/2016 were paid a $0.10 dividend.
SeaWorld Entertainment Inc.(SEAS) Company Profile
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. It also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Chula Vista, California; Tampa, Florida; and Williamsburg, Virginia. In addition, the company operates a reservations-only theme park in Orlando, Florida and a park in Langhorne, Pennsylvania. It operates a portfolio of twelve theme parks under the SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Water Country USA, Adventure Island, and Sesame Place brands. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.
