SeaWorld Entertainment Inc (SEAS) is Downgraded by Credit Suisse to Underperform

SeaWorld Entertainment Inc (SEAS) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. Shares were Reiterated by Barclays on May 6, 2016 to “Underweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .SeaWorld Entertainment Inc was Downgraded by Citigroup to ” Neutral” on Apr 15, 2016. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .

On the company’s financial health, SeaWorld Entertainment Inc reported $-0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.65. The company had revenue of $220.24 million for the quarter, compared to analysts expectations of $217.05 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.51 EPS.

SeaWorld Entertainment Inc opened for trading at $18.32 and hit $18.51 on the upside on Tuesday, eventually ending the session at $18.43, with a gain of 0.38% or 0.07 points. The heightened volatility saw the trading volume jump to 10,26,617 shares. Company has a market cap of $1,634 M.

In a different news, on Apr 19, 2016, John T Reilly (Chief Parks Operations Officer) sold 1,214 shares at $20.80 per share price. According to the SEC, 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).

SeaWorld Entertainment Inc

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