United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Recommendation of “Hold” by Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.00.

Several brokerages recently issued reports on PRKS. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Mizuho upgraded United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $47.00 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Finally, Truist Financial lifted their price objective on United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, March 26th.

United Parks & Resorts Stock Down 1.0%

Shares of PRKS opened at $46.42 on Friday. United Parks & Resorts has a 12-month low of $28.77 and a 12-month high of $56.95. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 3.69 and a beta of 1.17. The stock’s 50-day moving average price is $39.19 and its 200 day moving average price is $36.60.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) 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 the consensus estimate of $279.92 million. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that United Parks & Resorts will post 3.41 EPS for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider directly owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. The trade was a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in PRKS. JPMorgan Chase & Co. boosted its holdings in shares of United Parks & Resorts by 105.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock worth $23,965,000 after acquiring an additional 237,575 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $26,000,000. Comerica Bank boosted its holdings in shares of United Parks & Resorts by 89.4% in the 4th quarter. Comerica Bank now owns 77,662 shares of the company’s stock worth $2,819,000 after acquiring an additional 36,663 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of United Parks & Resorts by 9.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after acquiring an additional 256,367 shares in the last quarter. Finally, Interval Partners LP boosted its holdings in shares of United Parks & Resorts by 753.2% in the 3rd quarter. Interval Partners LP now owns 174,059 shares of the company’s stock worth $8,999,000 after acquiring an additional 153,659 shares in the last quarter.

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.