United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Rating of “Hold” by Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given an average rating of “Hold” by the twelve analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.20.

Several equities research analysts recently issued reports on PRKS shares. Mizuho upgraded shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $47.00 in a report on Friday, May 8th. Guggenheim dropped their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup dropped their target price on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $35.95 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.14. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $56.95. The company has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $35.93.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The firm had revenue of $278.29 million during the quarter, compared to analysts’ expectations of $279.92 million. During the same period last year, the firm posted ($0.29) earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts forecast that United Parks & Resorts will post 3.53 EPS for the current fiscal year.

Institutional Trading of United Parks & Resorts

Several large investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. grew its position in United Parks & Resorts by 742.3% during the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after buying an additional 3,944,894 shares during the period. Vanguard Group Inc. grew its position in United Parks & Resorts by 9.4% during the third quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock valued at $154,820,000 after buying an additional 256,367 shares during the period. Goldentree Asset Management LP grew its position in United Parks & Resorts by 83.5% during the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after buying an additional 1,109,930 shares during the period. River Road Asset Management LLC grew its position in United Parks & Resorts by 3.8% during the fourth quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock valued at $74,645,000 after buying an additional 74,392 shares during the period. Finally, Voss Capital LP grew its position in United Parks & Resorts by 4.3% during the third quarter. Voss Capital LP now owns 2,050,000 shares of the company’s stock valued at $105,985,000 after buying an additional 85,000 shares during the period.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.