SeaWorld Entertainment Inc (SEAS) is Upgraded by Citigroup to Buy

SeaWorld Entertainment Inc (SEAS) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Sep 22, 2016.

Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. Shares were Reiterated by Dougherty & Company on Sep 2, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $6 .Shares were Reiterated by Barclays on Aug 16, 2016 to “Underweight” and Lowered the Price Target to $ 12 from a previous price target of $16 .SeaWorld Entertainment Inc was Upgraded by Credit Suisse to ” Neutral” on Aug 11, 2016.

On the company’s financial health, SeaWorld Entertainment Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $371.10 million for the quarter, compared to analysts expectations of $375.16 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

SeaWorld Entertainment Inc closed down -0.57 points or -4.49% at $12.12 with 56,13,700 shares getting traded on Tuesday. Post opening the session at $11.77, the shares hit an intraday low of $11.77 and an intraday high of $12.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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