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

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $46.90.

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Northcoast Research initiated coverage on shares of United Parks & Resorts in a research note on Wednesday, July 8th. They issued a “neutral” rating for the company. Zacks Research lowered shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Truist Financial dropped their price target on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Guggenheim lifted their price objective on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th.

United Parks & Resorts Trading Up 0.0%

Shares of NYSE PRKS opened at $36.50 on Wednesday. The stock has a fifty day simple moving average of $44.12 and a two-hundred day simple moving average of $39.83. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $55.71. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts forecast that United Parks & Resorts will post 2.85 EPS for the current year.

Insider Activity

In other news, insider Christopher Finazzo sold 6,622 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the transaction, the insider directly owned 123,663 shares of the company’s stock, valued at $5,465,904.60. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in PRKS. Quarry LP purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $28,000. Rockefeller Capital Management L.P. lifted its holdings in shares of United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares in the last quarter. Group One Trading LLC bought a new position in shares of United Parks & Resorts in the second quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new position in shares of United Parks & Resorts in the second quarter valued at approximately $31,000. Finally, Arax Advisory Partners purchased a new position in United Parks & Resorts during the fourth quarter valued at approximately $31,000.

United Parks & Resorts Company Profile

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.