James Forrester, Jr. Sells 1,150 Shares of United Parks & Resorts (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider James Forrester, Jr. sold 1,150 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the sale, the insider directly owned 26,733 shares in the company, valued at approximately $954,635.43. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

United Parks & Resorts Trading Down 4.5%

PRKS stock opened at $34.08 on Friday. The firm has a 50 day moving average of $43.04 and a 200-day moving average of $39.82. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $55.71. The firm has a market capitalization of $1.55 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 3.35 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The firm had revenue of $483.32 million for the quarter, compared to the consensus estimate of $492.10 million. During the same period last year, the company posted $1.45 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that United Parks & Resorts Inc. will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PRKS shares. 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 research report on Monday, July 27th. Guggenheim lifted their price target on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. UBS Group reissued a “neutral” rating and issued a $45.00 price target on shares of United Parks & Resorts in a research note on Monday, June 15th. Finally, Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Parks & Resorts has an average rating of “Hold” and an average price target of $46.90.

Institutional Trading of United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in shares of United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after acquiring an additional 551 shares in the last quarter. Group One Trading LLC bought a new position in shares of United Parks & Resorts during the 2nd quarter valued at $31,000. Global Retirement Partners LLC bought a new position in shares of United Parks & Resorts during the 2nd quarter valued at $31,000. Hantz Financial Services Inc. raised its position in United Parks & Resorts by 985.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,259 shares of the company’s stock worth $46,000 after purchasing an additional 1,143 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the second quarter worth $53,000.

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.