United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Rating of “Hold” from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.8182.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Mizuho decreased their target price on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a research report on Wednesday, November 12th. Truist Financial dropped their price target on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Barclays lowered their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 11th.

United Parks & Resorts Trading Down 1.6%

Shares of NYSE:PRKS opened at $37.66 on Tuesday. The firm’s 50 day moving average is $36.39 and its two-hundred day moving average is $44.40. The firm has a market capitalization of $2.05 billion, a P/E ratio of 11.52, a PEG ratio of 2.55 and a beta of 1.28. United Parks & Resorts has a 52 week low of $29.62 and a 52 week high of $58.51.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). The business had revenue of $511.85 million during the quarter, compared to the consensus estimate of $540.43 million. United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.08 earnings per share. Analysts predict that United Parks & Resorts will post 3.95 EPS for the current year.

Insider Activity

In other news, insider Christopher L. Finazzo sold 7,200 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the sale, the insider owned 138,285 shares of the company’s stock, valued at approximately $4,856,569.20. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its holdings in United Parks & Resorts by 30.1% in the 4th quarter. New York State Teachers Retirement System now owns 8,375 shares of the company’s stock valued at $304,000 after acquiring an additional 1,938 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in United Parks & Resorts during the fourth quarter valued at approximately $172,000. Comerica Bank grew its position in United Parks & Resorts by 89.4% in the fourth quarter. Comerica Bank now owns 77,662 shares of the company’s stock worth $2,819,000 after buying an additional 36,663 shares during the last quarter. Inscription Capital LLC acquired a new position in United Parks & Resorts in the fourth quarter worth approximately $335,000. Finally, Ruffer LLP bought a new position in shares of United Parks & Resorts in the fourth quarter valued at $3,562,000.

United Parks & Resorts Company Profile

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.