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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $47.20.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased 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 research note on Friday, April 10th. Truist Financial upped their price target on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Citigroup reduced their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th.

United Parks & Resorts Price Performance

Shares of PRKS opened at $40.23 on Monday. The firm has a market capitalization of $1.90 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 3.16 and a beta of 1.17. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $56.95. The company’s fifty day moving average price is $35.06 and its 200-day moving average price is $35.23.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. During the same quarter in the previous year, the firm posted ($0.29) EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that United Parks & Resorts will post 3.41 EPS for the current fiscal year.

Institutional Trading of United Parks & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. Federated Hermes Inc. boosted its stake in shares of United Parks & Resorts by 114.0% during the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 293 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in United Parks & Resorts by 1.7% in the 4th quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock worth $787,000 after purchasing an additional 358 shares during the period. Captrust Financial Advisors boosted its position in United Parks & Resorts by 4.9% during the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after purchasing an additional 420 shares in the last quarter. NewEdge Wealth LLC boosted its position in United Parks & Resorts by 4.0% during the first quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock worth $435,000 after purchasing an additional 509 shares in the last quarter. Finally, Quarry LP acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $28,000.

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.