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

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $62.60.

A number of research firms have recently commented on PRKS. B. Riley reiterated a "buy" rating and set a $71.00 price target on shares of United Parks & Resorts in a report on Monday, October 7th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Macquarie lowered their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Finally, 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 report on Tuesday, November 12th.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was 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 of the company's stock, valued at $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Mikolaichik purchased 34,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the purchase, the insider now directly owns 76,267 shares of the company's stock, valued at approximately $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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of PRKS. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts during the third quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $32,000. Finally, KBC Group NV purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $54,000.

United Parks & Resorts Trading Up 0.1 %

Shares of PRKS stock traded up $0.03 during trading hours on Monday, reaching $54.11. The company's stock had a trading volume of 486,039 shares, compared to its average volume of 872,928. United Parks & Resorts has a one year low of $44.72 and a one year high of $60.83. The stock has a market capitalization of $2.98 billion, a P/E ratio of 13.56 and a beta of 2.00. The firm's fifty day simple moving average is $55.78 and its 200 day simple moving average is $52.95.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data 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 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 last year, the business earned $1.92 earnings per share. The business's quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts forecast that United Parks & Resorts will post 3.97 earnings per share for the current fiscal year.

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.