United Parks & Resorts (NYSE:PRKS) Stock Rating Lowered by Zacks Research

United Parks & Resorts (NYSE:PRKS) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Northcoast Research started coverage on shares of United Parks & Resorts in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Barclays upped their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Citigroup lifted their price target on United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Guggenheim upped their price objective 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. Finally, Citizens Jmp initiated coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.30.

United Parks & Resorts Trading Up 0.3%

Shares of PRKS opened at $44.16 on Monday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 3.84 and a beta of 1.16. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $56.95. The company’s fifty day simple moving average is $45.58 and its 200 day simple moving average is $38.85.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The firm had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. As a group, research analysts forecast that United Parks & Resorts will post 3.07 earnings per share for the current year.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 6,622 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the sale, the insider owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Trading of United Parks & Resorts

A number of large investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $28,000. Global Retirement Partners LLC bought a new stake in shares of United Parks & Resorts in the 2nd quarter valued at $31,000. Rockefeller Capital Management L.P. boosted its stake in 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. Arax Advisory Partners acquired a new stake in United Parks & Resorts in the fourth quarter worth $31,000. Finally, Empowered Funds LLC acquired a new position in shares of United Parks & Resorts during the fourth quarter valued at about $31,000.

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.