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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.00.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Wednesday, June 24th. Stifel Nicolaus reissued 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, May 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Citizens Jmp began coverage on shares of United Parks & Resorts in a research report on Monday. They set a “market perform” rating for the company. Finally, Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $47.87 on Friday. 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 $39.85 and a two-hundred day simple moving average of $36.84. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.67 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last issued 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). 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 the consensus estimate of $279.92 million. During the same period in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, sell-side analysts forecast that United Parks & Resorts will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction that occurred 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 directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of United Parks & Resorts

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of United Parks & Resorts by 105.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock valued at $23,965,000 after buying an additional 237,575 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $26,000,000. Comerica Bank raised its position in shares of United Parks & Resorts by 89.4% during the 4th quarter. Comerica Bank now owns 77,662 shares of the company’s stock valued at $2,819,000 after buying an additional 36,663 shares in the last quarter. Vanguard Group Inc. raised its position in shares of United Parks & Resorts by 9.4% during the 3rd 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 in the last quarter. Finally, Interval Partners LP raised its position in shares of United Parks & Resorts by 753.2% during the 3rd quarter. Interval Partners LP now owns 174,059 shares of the company’s stock valued at $8,999,000 after buying an additional 153,659 shares in the last quarter.

United Parks & Resorts Company Profile

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.