Christopher L. Finazzo Sells 13,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) insider Christopher L. Finazzo sold 13,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

United Parks & Resorts Trading Up 0.6 %

PRKS stock traded up $0.37 on Tuesday, hitting $57.68. The company had a trading volume of 681,050 shares, compared to its average volume of 872,364. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83. The stock's 50-day simple moving average is $55.26 and its 200 day simple moving average is $52.87. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 14.38 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same quarter in the prior year, the business posted $1.92 EPS. The company's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PRKS shares. Guggenheim cut their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Citigroup upped their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, September 18th. Mizuho restated an "underperform" rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Macquarie cut their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, October 18th. Finally, Truist Financial increased their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $62.60.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC purchased a new stake in United Parks & Resorts in the third quarter worth approximately $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $32,000. Finally, KBC Group NV purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $54,000.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.