Macquarie Downgrades SeaWorld Entertainment Inc to Neutral

Brokerage firm Macquarie Downgrades its rating on SeaWorld Entertainment Inc(NYSE:SEAS). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Aug 5, 2016.

In a different note, On May 11, 2016, Credit Suisse said it Downgrades its rating on SeaWorld Entertainment Inc. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Underperform’ by the firm.

SeaWorld Entertainment Inc (SEAS) made into the market gainers list on Wednesdays trading session with the shares advancing 2.46% or 0.32 points. Due to strong positive momentum, the stock ended at $13.33, which is also near the day’s high of $13.35. The stock began the session at $13.04 and the volume stood at 20,59,680 shares. The 52-week high of the shares is $21.845 and the 52 week low is $12.58. The company has a current market capitalization of $1,184 M and it has 8,88,56,649 shares in outstanding.

SeaWorld Entertainment Inc(SEAS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $371.14M. Analysts had an estimated revenue of $374.83M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Apr 19, 2016, John T Reilly (Chief Parks Operations Officer) sold 1,214 shares at $20.80 per share price.Also, On Apr 5, 2016, Alessandro David F D (director) sold 106,285 shares at $20.79 per share price.On Nov 18, 2015, Joel K Manby (director officer ) purchased 14,500 shares at $17.11 per share price, according to the Form-4 filing with the securities and exchange commission.

SeaWorld Entertainment Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides shows and other attractions. The Company operates SeaWorld theme parks in Orlando Florida; San Antonio Texas and San Diego California and Busch Gardens theme parks in Tampa Florida and Williamsburg Virginia. The Company operates water park attractions in Orlando Florida (Aquatica); San Diego California (Aquatica); Tampa Florida (Adventure Island) and Williamsburg Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne Pennsylvania (Sesame Place).

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