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

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $47.8182.

A number of brokerages have commented on PRKS. Truist Financial increased their price objective on United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citizens Jmp started coverage on United Parks & Resorts in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 price target on shares of United Parks & Resorts in a report on Monday, July 13th. Finally, Northcoast Research initiated coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They issued a “neutral” rating for the company.

Insider Buying and Selling at United Parks & Resorts

In related 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 value of $294,080.00. Following 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 filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of United Parks & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in PRKS. Sound Income Strategies LLC acquired a new position in shares of United Parks & Resorts in the 4th quarter valued at $25,000. Quarry LP acquired a new stake in shares of United Parks & Resorts during the third quarter worth $28,000. Rockefeller Capital Management L.P. increased its holdings in United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after purchasing an additional 551 shares during the last quarter. Arax Advisory Partners bought a new stake in United Parks & Resorts in the fourth quarter valued at about $31,000. Finally, Empowered Funds LLC bought a new stake in United Parks & Resorts in the fourth quarter valued at about $31,000.

United Parks & Resorts Trading Down 1.1%

Shares of PRKS stock opened at $44.63 on Tuesday. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $56.95. The firm’s 50 day moving average is $43.04 and its 200-day moving average is $37.94. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.61 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The company had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. During the same period in the prior year, the business earned ($0.29) EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts forecast that United Parks & Resorts will post 3.35 earnings per share for the current fiscal year.

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.