United Parks & Resorts (NYSE:PRKS) Hits New 12-Month Low – What’s Next?

United Parks & Resorts Inc. (NYSE:PRKS) reached a new 52-week low on Friday . The company traded as low as $29.21 and last traded at $29.21, with a volume of 65945 shares. The stock had previously closed at $31.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on PRKS. Citigroup reduced their target price on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Truist Financial lifted their target price on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Mizuho reduced their price target on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating for the company in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus price target of $47.00.

United Parks & Resorts Stock Performance

The firm’s 50 day simple moving average is $34.86 and its 200-day simple moving average is $39.94. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 2.16 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). The business had revenue of $373.55 million for the quarter, compared to analyst estimates of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, sell-side analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

Institutional Investors Weigh In On United Parks & Resorts

A number of large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in United Parks & Resorts during the fourth quarter worth $25,000. CWM LLC increased its stake in shares of United Parks & Resorts by 74.3% in the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 293 shares during the last quarter. Quarry LP purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $28,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 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.