United Parks & Resorts (NYSE:PRKS) Price Target Raised to $44.00

United Parks & Resorts (NYSE:PRKS) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $39.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 0.04% from the company’s previous close.

PRKS has been the topic of several other reports. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Guggenheim lifted their price objective on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of United Parks & Resorts in a report on Thursday. Finally, Barclays increased their price objective on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has an average rating of “Hold” and a consensus target price of $47.30.

United Parks & Resorts Stock Down 0.0%

Shares of NYSE PRKS traded down $0.00 during midday trading on Tuesday, hitting $44.02. The company had a trading volume of 27,210 shares, compared to its average volume of 1,014,212. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. United Parks & Resorts has a twelve month low of $28.77 and a twelve month high of $56.95. The business has a 50-day simple moving average of $45.51 and a two-hundred day simple moving average of $38.81.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.33). The business had revenue of $483.32 million during the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, equities analysts forecast that United Parks & Resorts will post 3.07 EPS for the current year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $44.20, for a total transaction of $292,692.40. Following the sale, the insider owned 123,663 shares of the company’s stock, valued at $5,465,904.60. The trade was a 5.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently made changes to their positions in the business. Comerica Bank raised its position in shares of United Parks & Resorts by 89.4% in the fourth quarter. Comerica Bank now owns 77,662 shares of the company’s stock valued at $2,819,000 after purchasing an additional 36,663 shares during the period. Hawk Ridge Capital Management LP bought a new stake in shares of United Parks & Resorts during the 1st quarter worth about $51,094,000. Hsbc Holdings PLC bought a new position in United Parks & Resorts in the 4th quarter valued at about $1,416,000. Engine Capital Management LP lifted its position in United Parks & Resorts by 96.2% during the fourth quarter. Engine Capital Management LP now owns 856,397 shares of the company’s stock worth $31,087,000 after acquiring an additional 420,000 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in United Parks & Resorts by 624.8% during the fourth quarter. Invenomic Capital Management LP now owns 309,008 shares of the company’s stock worth $11,217,000 after acquiring an additional 266,375 shares during the last quarter.

About United Parks & Resorts

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.