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

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

United Parks & Resorts Price Performance

NYSE PRKS opened at $57.68 on Wednesday. The company has a fifty day moving average of $55.26 and a two-hundred day moving average of $52.87. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The company has a market capitalization of $3.17 billion, a PE ratio of 14.46 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last released 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). The firm had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. On average, research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PRKS shares. Mizuho reiterated an “underperform” rating and set a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Truist Financial lifted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. B. Riley reaffirmed a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Citigroup boosted their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Finally, Macquarie reduced 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 report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

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.