United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Consensus PT from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $62.60.

PRKS has been the topic of a number of research analyst reports. Guggenheim lowered their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Citigroup boosted their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Macquarie decreased their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Insider Transactions 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 directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider James Mikolaichik purchased 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired 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 of the company’s stock, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The disclosure for this purchase 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 the stock. SG Americas Securities LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth $739,000. Handelsbanken Fonder AB bought a new stake in shares of United Parks & Resorts during the third quarter worth $390,000. Hexagon Capital Partners LLC acquired a new position in shares of United Parks & Resorts during the third quarter valued at $25,000. Perpetual Ltd bought a new position in United Parks & Resorts in the third quarter valued at about $16,862,000. Finally, Inspire Investing LLC bought a new position in United Parks & Resorts in the third quarter valued at about $411,000.

United Parks & Resorts Stock Up 0.7 %

Shares of United Parks & Resorts stock opened at $54.50 on Monday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The stock has a 50 day moving average price of $55.86 and a two-hundred day moving average price of $52.98. The stock has a market capitalization of $3.00 billion, a P/E ratio of 13.66 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last announced its 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). 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 quarter last year, the business earned $1.92 EPS. The business’s revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate that United Parks & Resorts will post 3.97 earnings per share for the current 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.