SeaWorld Entertainment Inc (NYSE:SEAS) Short Interest Update

SeaWorld Entertainment Inc (NYSE:SEAS) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totalling 7,040,000 shares, a decrease of 14.4% from the May 14th total of 8,220,000 shares. Based on an average daily volume of 2,980,000 shares, the short-interest ratio is presently 2.4 days. Approximately 9.2% of the shares of the stock are sold short.

A number of research firms have weighed in on SEAS. Credit Suisse Group began coverage on SeaWorld Entertainment in a research report on Thursday, May 21st. They issued a “neutral” rating and a $13.00 target price for the company. Citigroup upgraded SeaWorld Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $24.00 in a research report on Thursday, June 4th. SunTrust Banks cut their target price on SeaWorld Entertainment from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Wells Fargo & Co cut their target price on SeaWorld Entertainment from $36.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. They noted that the move was a valuation call. Finally, Goldman Sachs Group began coverage on SeaWorld Entertainment in a research report on Thursday, May 28th. They set a “neutral” rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.60.

Shares of NYSE:SEAS traded up $0.62 on Friday, reaching $17.44. 2,563,316 shares of the company traded hands, compared to its average volume of 2,784,594. SeaWorld Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $36.96. The company’s 50 day moving average is $15.86 and its 200-day moving average is $23.69. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.52 and a beta of 2.16. The company has a debt-to-equity ratio of 14.06, a current ratio of 0.90 and a quick ratio of 0.79.

SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Friday, May 8th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.09). SeaWorld Entertainment had a net margin of 5.26% and a return on equity of 58.02%. The firm had revenue of $153.60 million for the quarter, compared to analyst estimates of $152.91 million. During the same period last year, the firm earned ($0.44) earnings per share. SeaWorld Entertainment’s revenue for the quarter was down 30.4% compared to the same quarter last year. As a group, analysts expect that SeaWorld Entertainment will post -1.6 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its stake in SeaWorld Entertainment by 54.7% during the 4th quarter. Advisory Services Network LLC now owns 1,160 shares of the company’s stock valued at $37,000 after purchasing an additional 410 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of SeaWorld Entertainment by 1.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 57,301 shares of the company’s stock worth $1,817,000 after acquiring an additional 625 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of SeaWorld Entertainment by 51.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,131 shares of the company’s stock worth $68,000 after acquiring an additional 725 shares during the last quarter. Advisor Group Inc. increased its stake in shares of SeaWorld Entertainment by 59.4% in the fourth quarter. Advisor Group Inc. now owns 2,774 shares of the company’s stock worth $88,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of SeaWorld Entertainment by 1.4% in the first quarter. Swiss National Bank now owns 99,200 shares of the company’s stock worth $1,093,000 after acquiring an additional 1,400 shares during the last quarter.

SeaWorld Entertainment 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.

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