United Parks & Resorts (NYSE:PRKS) Price Target Cut to $45.00

United Parks & Resorts (NYSE:PRKS - Free Report) had its price target cut by Mizuho from $46.00 to $45.00 in a report released on Monday, Benzinga reports. They currently have an underperform rating on the stock.

A number of other brokerages have also commented on PRKS. Citigroup boosted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, September 18th. Stifel Nicolaus lowered their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Macquarie decreased their price objective on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Finally, B. Riley restated a "buy" rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. One 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.70.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded up $1.43 during trading hours on Monday, hitting $54.65. 736,620 shares of the company were exchanged, compared to its average volume of 891,309. The company has a 50 day simple moving average of $50.72 and a two-hundred day simple moving average of $51.59. The firm has a market cap of $3.17 billion, a P/E ratio of 14.27 and a beta of 2.01. United Parks & Resorts has a fifty-two week low of $41.35 and a fifty-two week high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. United Parks & Resorts's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. As a group, sell-side analysts expect that United Parks & Resorts will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares of the company's stock, valued at approximately $2,091,223.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider George Anthony Taylor sold 23,837 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares of the company's stock, valued at $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,366 shares of company stock worth $1,938,984 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts during the third quarter valued at about $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts during the third quarter valued at about $30,000. Nisa Investment Advisors LLC purchased a new stake in shares of United Parks & Resorts in the third quarter worth about $99,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of United Parks & Resorts in the third quarter valued at approximately $115,000.

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.