United Parks & Resorts Inc. (NYSE:PRKS) Stock Rated “Hold” by Sell-Side Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.40.

A number of research firms have commented on PRKS. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Northcoast Research began coverage on shares of United Parks & Resorts in a report on Wednesday, July 8th. They issued a “neutral” rating for the company. Truist Financial reduced their target price on 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. Mizuho set a $51.00 price target on shares of United Parks & Resorts in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 6,622 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the sale, the insider owned 123,663 shares in the company, valued at $5,465,904.60. This represents a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James W. Forrester, Jr. sold 1,150 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the transaction, the insider owned 26,733 shares of the company’s stock, valued at approximately $954,635.43. The trade was a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by company insiders.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in PRKS. Group One Trading LLC purchased a new stake in shares of United Parks & Resorts in the second quarter valued at $31,000. Global Retirement Partners LLC acquired a new position in United Parks & Resorts during the 2nd quarter worth $31,000. Rockefeller Capital Management L.P. raised its holdings in shares of United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 551 shares during the period. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the second quarter valued at $53,000. Finally, Fortitude Family Office LLC increased its stake in United Parks & Resorts by 30,580.0% during the 3rd quarter. Fortitude Family Office LLC now owns 1,534 shares of the company’s stock valued at $50,000 after buying an additional 1,529 shares during the period.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $33.16 on Thursday. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $50.00. The stock’s 50 day simple moving average is $35.07 and its two-hundred day simple moving average is $38.10. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.91 and a beta of 1.25.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company had revenue of $483.32 million for the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, analysts anticipate that United Parks & Resorts will post 2.85 EPS for the current year.

United Parks & Resorts Company Profile

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of destination amusement and water parks in the United States. Its properties combine rides, live entertainment, animal exhibits, educational experiences, seasonal events and hospitality-related offerings.

The company’s portfolio includes SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Sesame Place parks in Pennsylvania and California; and water parks and attractions such as Aquatica, Adventure Island, Water Country USA and Discovery Cove.