United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Moderate Buy” from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $62.60.

Several brokerages recently commented on PRKS. Truist Financial raised their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Mizuho reaffirmed an “underperform” rating and set a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Macquarie lowered their price target 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. Guggenheim dropped their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th.

Insider Buying and Selling

In other United Parks & Resorts news, insider James Mikolaichik acquired 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $57.29 per share, with a total value 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 represents a 80.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction on 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 transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Institutional Trading of United Parks & Resorts

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

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock opened at $52.20 on Friday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 13.08 and a beta of 1.99. The firm’s 50-day moving average is $56.69 and its two-hundred day moving average is $53.50. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. During the same period last year, the firm earned $1.92 earnings per share. United Parks & Resorts’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that United Parks & Resorts will post 3.96 earnings per share for the current 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.