Christopher Finazzo Sells 6,622 Shares of United Parks & Resorts (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher Finazzo sold 6,622 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $44.20, for a total transaction of $292,692.40. Following the transaction, the insider directly owned 123,663 shares of the company’s stock, valued at $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

United Parks & Resorts Stock Down 2.2%

Shares of PRKS stock traded down $0.98 during trading on Monday, reaching $44.05. The company’s stock had a trading volume of 482,211 shares, compared to its average volume of 710,503. The business has a fifty day moving average price of $45.51 and a 200-day moving average price of $38.81. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.33). The business had revenue of $483.32 million for the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. Research analysts anticipate that United Parks & Resorts Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

PRKS has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a report on Thursday. Guggenheim raised their price target on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citigroup boosted their price target on United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, United Parks & Resorts currently has an average rating of “Hold” and an average price target of $48.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRKS. Nomura Holdings Inc. increased its holdings in shares of United Parks & Resorts by 742.3% during the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after acquiring an additional 3,944,894 shares during the last quarter. BlackRock Inc. acquired a new stake in United Parks & Resorts during the 2nd quarter valued at $171,560,000. Hawk Ridge Capital Management LP bought a new position in United Parks & Resorts during the first quarter worth $51,094,000. Goldentree Asset Management LP boosted its position in United Parks & Resorts by 83.5% during the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock worth $88,366,000 after purchasing an additional 1,109,930 shares during the period. Finally, Long Pond Capital LP acquired a new position in shares of United Parks & Resorts in the fourth quarter valued at $31,036,000.

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.