United Parks & Resorts Inc. (NYSE:PRKS) Given Average Recommendation of “Moderate Buy” by Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $62.60.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Macquarie reduced their price objective on 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. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Citigroup lifted their target price on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Finally, Truist Financial increased their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th.

United Parks & Resorts Trading Down 0.4 %

Shares of PRKS stock opened at $55.43 on Monday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.89 and a beta of 2.00. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The stock’s 50-day moving average price is $55.98 and its 200-day moving average price is $53.07.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same period in the previous year, the firm earned $1.92 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, research analysts predict that United Parks & Resorts will post 3.97 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 132,439 shares of the company’s stock, valued at $7,366,257.18. This 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 available through the SEC website. Also, insider James Mikolaichik acquired 34,000 shares of United Parks & Resorts stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the acquisition, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. SG Americas Securities LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $739,000. Handelsbanken Fonder AB bought a new position in United Parks & Resorts in the third quarter worth approximately $390,000. Hexagon Capital Partners LLC purchased a new stake in United Parks & Resorts during the third quarter worth $25,000. Perpetual Ltd bought a new stake in United Parks & Resorts during the 3rd quarter valued at $16,862,000. Finally, Inspire Investing LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at $411,000.

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.