United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Hold” from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $50.8182.

Several analysts have commented on the stock. Barclays decreased their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 11th. Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Truist Financial cut their price target on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho reduced their price objective on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th.

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors have recently made changes to their positions in PRKS. Nomura Holdings Inc. lifted its stake in shares of United Parks & Resorts by 742.3% in the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after purchasing an additional 3,944,894 shares during the period. Vanguard Group Inc. increased its holdings in United Parks & Resorts by 9.4% in the third 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. Voss Capital LP increased its holdings 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. River Road Asset Management LLC raised its position in shares of United Parks & Resorts by 3.0% in the second quarter. River Road Asset Management LLC now owns 1,870,138 shares of the company’s stock worth $88,514,000 after acquiring an additional 54,186 shares during the period. Finally, Hawk Ridge Capital Management LP boosted its stake in shares of United Parks & Resorts by 21.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock worth $79,135,000 after acquiring an additional 312,970 shares in the last quarter.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $35.54 on Monday. United Parks & Resorts has a fifty-two week low of $29.62 and a fifty-two week high of $60.63. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.87 and a beta of 1.31. The stock’s 50-day simple moving average is $43.84 and its 200-day simple moving average is $46.95.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). The firm had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $2.08 EPS. Sell-side analysts forecast that United Parks & Resorts will post 3.95 earnings per share for the current year.

United Parks & Resorts declared that its Board of Directors has initiated a share buyback plan on Friday, September 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.