United Parks & Resorts (NYSE:PRKS) Insider Sells $294,080.00 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the transaction, the insider directly owned 130,285 shares in the company, valued at $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $45.17 on Monday. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 3.55 and a beta of 1.17. The business’s 50-day moving average is $37.25 and its 200-day moving average is $35.93. United Parks & Resorts Inc. has a 1 year low of $28.77 and a 1 year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data 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). The business had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) earnings per share. Analysts anticipate that United Parks & Resorts Inc. will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PRKS. Deutsche Bank Aktiengesellschaft dropped their price target on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Truist Financial upped their price target on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Guggenheim dropped their price target on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $47.00 in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.20.

Institutional Trading of United Parks & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. Sound Income Strategies LLC bought a new stake in United Parks & Resorts during the 4th quarter worth approximately $25,000. Quarry LP bought a new stake in United Parks & Resorts during the 3rd quarter worth approximately $28,000. Rockefeller Capital Management L.P. increased its holdings in United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 551 shares in the last quarter. Arax Advisory Partners bought a new stake in United Parks & Resorts during the 4th quarter worth approximately $31,000. Finally, Empowered Funds LLC bought a new stake in United Parks & Resorts during the 4th quarter worth approximately $31,000.

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.