United Parks & Resorts (NYSE:PRKS) Now Covered by Analysts at Citizens Jmp

Research analysts at Citizens Jmp assumed coverage on shares of United Parks & Resorts (NYSE:PRKS) in a report issued on Monday,Benzinga reports. The brokerage set a “market perform” rating on the stock.

Other equities analysts have also issued reports about the stock. Truist Financial lifted their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Wednesday. Guggenheim reduced their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. UBS Group reaffirmed a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a research report on Monday, June 15th. Finally, Citigroup initiated coverage on United Parks & Resorts in a report on Monday. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.00.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $47.15 on Monday. The company has a market cap of $2.22 billion, a P/E ratio of 17.64, a P/E/G ratio of 3.71 and a beta of 1.17. The business’s 50 day moving average price is $39.40 and its 200-day moving average price is $36.68. United Parks & Resorts has a fifty-two week low of $28.77 and a fifty-two week high of $56.95.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $278.29 million during the quarter, compared to the consensus estimate of $279.92 million. During the same quarter in the prior year, the business earned ($0.29) earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts predict that United Parks & Resorts will post 3.41 EPS for the current year.

Insider Activity

In related news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the completion of the transaction, the insider owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. SkyView Investment Advisors LLC raised its stake in shares of United Parks & Resorts by 1.7% during the 4th quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock valued at $787,000 after buying an additional 358 shares during the last quarter. Captrust Financial Advisors grew its holdings in United Parks & Resorts by 4.9% during the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after acquiring an additional 420 shares during the period. NewEdge Wealth LLC grew its holdings in United Parks & Resorts by 4.0% during the first quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock worth $435,000 after acquiring an additional 509 shares during the period. Quarry LP purchased a new position in United Parks & Resorts during the third quarter valued at approximately $28,000. Finally, Rockefeller Capital Management L.P. raised its position in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares in the last quarter.

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.