United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $62.60.

PRKS has been the subject of a number of analyst reports. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Mizuho reiterated an "underperform" rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Macquarie decreased their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, October 18th. Truist Financial upped their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, B. Riley reiterated a "buy" rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik acquired 34,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently bought and sold shares of PRKS. SG Americas Securities LLC acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $739,000. Handelsbanken Fonder AB acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $390,000. Hexagon Capital Partners LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $25,000. Perpetual Ltd purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $16,862,000. Finally, Inspire Investing LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $411,000.

United Parks & Resorts Price Performance

NYSE:PRKS traded up $0.02 during mid-day trading on Friday, hitting $52.23. The company's stock had a trading volume of 1,038,016 shares, compared to its average volume of 776,556. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 13.09 and a beta of 1.99. The business's fifty day moving average is $56.69 and its two-hundred day moving average is $53.50.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same period in the previous year, the company posted $1.92 earnings per share. United Parks & Resorts's revenue for the quarter was down .4% compared to the same quarter last year. Analysts anticipate that United Parks & Resorts will post 3.96 EPS 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.