United Parks & Resorts (NYSE:PRKS) Insider James Forrester, Jr. Sells 1,150 Shares

United Parks & Resorts Inc. (NYSE:PRKS) insider James Forrester, Jr. sold 1,150 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total value of $41,066.50. Following the sale, the insider owned 26,733 shares in the company, valued at approximately $954,635.43. This trade represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $35.73 on Friday. The business has a 50-day simple moving average of $43.29 and a 200-day simple moving average of $39.86. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $55.71. The company has a market cap of $1.62 billion, a PE ratio of 14.07, a P/E/G ratio of 3.40 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The firm had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parks & Resorts Inc. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PRKS shares. The Goldman Sachs Group boosted their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Northcoast Research initiated coverage on shares of United Parks & Resorts in a research report on Wednesday, July 8th. They set a “neutral” rating for the company. Truist Financial dropped their target price on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Citigroup lifted their price target on shares of United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.90.

Institutional Investors Weigh In On United Parks & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRKS. WINTON GROUP Ltd purchased a new position in shares of United Parks & Resorts during the second quarter worth approximately $291,000. Squarepoint Ops LLC acquired a new stake in United Parks & Resorts during the 2nd quarter worth $1,868,000. Baird Financial Group Inc. increased its stake in United Parks & Resorts by 12.3% in the second quarter. Baird Financial Group Inc. now owns 8,425 shares of the company’s stock valued at $402,000 after purchasing an additional 925 shares during the period. Corient Private Wealth LP raised its holdings in shares of United Parks & Resorts by 23.5% in the second quarter. Corient Private Wealth LP now owns 98,136 shares of the company’s stock valued at $4,685,000 after buying an additional 18,642 shares during the last quarter. Finally, Penn Capital Management Company LLC raised its holdings in shares of United Parks & Resorts by 17.8% in the second quarter. Penn Capital Management Company LLC now owns 533,554 shares of the company’s stock valued at $25,520,000 after buying an additional 80,588 shares during the last quarter.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.