Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $47.30

United Parks & Resorts Inc. (NYSE:PRKS) has received an average recommendation of “Hold” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $46.90.

Several equities analysts have commented on PRKS shares. Weiss Ratings raised shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Northcoast Research started coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Mizuho set a $51.00 price objective on United Parks & Resorts in a research note on Wednesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Finally, Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $36.50 on Wednesday. The firm has a market capitalization of $1.66 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 3.56 and a beta of 1.14. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $55.71. The firm’s 50-day moving average is $44.12 and its two-hundred day moving average is $39.79.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data 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 net margin of 8.11% and a negative return on equity of 27.85%. The business had revenue of $483.32 million during the quarter, compared to analyst estimates of $492.10 million. During the same quarter last year, the firm posted $1.45 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that United Parks & Resorts will post 2.85 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction dated 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 owned 123,663 shares in the company, valued at approximately $5,465,904.60. This trade represents a 5.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

A number of large investors have recently modified their holdings of the company. Nomura Holdings Inc. grew its stake in shares of United Parks & Resorts by 742.3% during the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after purchasing an additional 3,944,894 shares in the last quarter. BlackRock Inc. acquired a new stake in United Parks & Resorts in the second quarter valued at $171,560,000. Goldentree Asset Management LP raised its stake in United Parks & Resorts by 83.5% in the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after buying an additional 1,109,930 shares in the last quarter. River Road Asset Management LLC lifted its holdings in United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock worth $74,645,000 after buying an additional 74,392 shares during the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in United Parks & Resorts during the 1st quarter worth about $51,094,000.

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.