United Parks & Resorts (NYSE:PRKS) Now Covered by Analysts at Northcoast Research

Northcoast Research started coverage on shares of United Parks & Resorts (NYSE:PRKS) in a note issued to investors on Wednesday. The firm set a “neutral” rating on the stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Wednesday, June 24th. Mizuho raised shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and raised their price target for the stock from $27.00 to $47.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.00.

United Parks & Resorts Stock Up 0.5%

United Parks & Resorts stock opened at $47.42 on Wednesday. The company’s 50-day moving average price is $41.10 and its two-hundred day moving average price is $37.26. The stock has a market cap of $2.24 billion, a P/E ratio of 17.90, a P/E/G ratio of 3.71 and a beta of 1.14. United Parks & Resorts has a twelve month low of $28.77 and a twelve month high of $56.95.

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 for the quarter, compared to the consensus estimate of $279.92 million. During the same quarter in the prior year, the firm earned ($0.29) EPS. The company’s revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that United Parks & Resorts will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in PRKS. Nomura Holdings Inc. lifted its holdings in shares of United Parks & Resorts by 742.3% during the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after acquiring an additional 3,944,894 shares during the period. Goldentree Asset Management LP raised its holdings in shares of United Parks & Resorts by 83.5% during the 4th quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock worth $88,366,000 after buying an additional 1,109,930 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock worth $74,645,000 after buying an additional 74,392 shares during the last quarter. Voss Capital LP boosted its stake in United Parks & Resorts by 4.3% in 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 in the last quarter. Finally, Hawk Ridge Capital Management LP bought a new position in United Parks & Resorts in the first quarter valued at about $51,094,000.

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.