United Parks & Resorts (NYSE:PRKS) Shares Down 1.9%

Shares of United Parks & Resorts Inc. (NYSE:PRKS) traded down 1.9% during trading on Wednesday . The stock traded as low as $52.24 and last traded at $52.24. 49,195 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 835,312 shares. The stock had previously closed at $53.27.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Guggenheim assumed coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $73.00 price target on the stock. Truist Financial lowered their price target on shares of United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Mizuho increased their price target on shares of United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, May 9th. Citigroup increased their price target on shares of United Parks & Resorts from $57.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, B. Riley upped their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Hold” and a consensus price target of $63.83.

United Parks & Resorts Stock Performance

The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.24 and a beta of 2.02. The firm’s 50 day moving average is $51.60.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.09. The business had revenue of $297.40 million for the quarter, compared to the consensus estimate of $286.88 million. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. As a group, research analysts forecast that United Parks & Resorts Inc. will post 4.38 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the transaction, the insider now owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jayson Maxwell sold 500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $53.92, for a total transaction of $26,960.00. Following the transaction, the insider now directly owns 1,267 shares in the company, valued at approximately $68,316.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,018 shares of company stock valued at $1,756,808. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

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.