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SeaWorld Entertainment, Inc. (NYSE:SEAS) Moving Aggressively - Down by 6.52%
06 October 2017, 12:27 | Jan Cross
SeaWorld spikes on reports that another theme park company wants to buy it
August 11 investment analysts at Barclays kept the stock rating at "Underweight" and moved down the price target from $14.00 to $10.00. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock uncovered monthly dynamic performance with growing progress of 13.15%. Checking on another technical indicator, the 14-day RSI is now sitting at 61.77, the 7-day rests at 72.99, and the 3-day is presently at 85.94 for Seaworld Entertainment Inc Co (SEAS).
Drilling down into some additional metrics, we note that SeaWorld Entertainment, Inc. On July 28, 2017 the stock rating was changed to "Neutral" according to a Citigroup report up from the previous "Neutral" rating. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.
Traders are more bullish on SeaWorld Entertainment, Inc. lately if you take a look at the motion in short interest. The 50 day moving average was up by +6.3245% and the 200 day average was down $-1.78. The company's market cap is $1.21 billion.
SeaWorld Entertainment, Inc.is a theme park and entertainment company operating primarily in the United States.
In pre-market trading, shares of Orlando-based SeaWorld were up 6% at US$14.96. Investors can use these support and resistance levels to refine their entries and exits from stocks.
SEAS has a mean analyst rating of 2.60. NYSE:SEAS is -0.15056. This is calculated by taking the earnings per share and dividing it by the last closing share price. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.32 by $0.77. The Gross Margin Score of SeaWorld Entertainment, Inc. 0 analysts gave its stock an Outperform rating. During the same period in the prior year, the firm posted $0.21 earnings per share.
Seaworld's profits and visitor numbers have plummeted in recent years, following negative publicity from the documentary Blackfish, and a growing anti-captivity movement. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/10/05/seaworld-entertainment-inc-seas-upgraded-to-sell-by-bidaskclub.html. The stock was purchased at an average price of $12.67 per share, for a total transaction of $4,469,976.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
In other news, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company's stock in a transaction that occurred on Monday, August 21st. In a transaction dated August 24, 2017, the shares were bought at an average price of $13.32, giving away a sum of $4,488,840. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,472,969 shares of company stock worth $19,324,419.
The company now has an insider ownership of 2.7 Percent and Institutional ownership of 97.5 Percent. Alpha Windward LLC acquired a new stake in shares of SeaWorld Entertainment during the second quarter valued at about $403,000. Institutional investors and hedge funds own 89.33% of the company's stock. At the time of writing SeaWorld Entertainment, Inc. has an ROE of -0.765899. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens.
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