Citigroup Downgrades SeaWorld Entertainment Inc to Sell with Price Target $15

Brokerage firm Citigroup Downgrades its rating on SeaWorld Entertainment Inc(SEAS). As per the latest information, Citigroup Lowers the price target to $15 per share from a prior target of $19. The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Citigroup was issued on Mar 17, 2017 in a research report to their Investors and Clients.

SeaWorld Entertainment Inc (SEAS) shares turned negative on Wednesdays trading session with the shares closing down -0.33 points or -1.88% at a volume of 18,43,927. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.54. The peak price level was also seen at $17.54 while the days lowest was $17.14. Finally the shares closed at $17.23. The 52-week high of the shares is $21.845 while the 52-week low is $11.77. According to the latest information available, the market cap of the company is $1,531 M.

SeaWorld Entertainment Inc(SEAS) last announced its earnings results on Nov 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $485.32M. Analysts had an estimated revenue of $484.55M. Earnings per share were $0.77. The reported EPS was above estimates by $0.31 or NaN%. Analysts had estimated an EPS of $1.08.

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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