United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Rating of “Hold” by Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $47.30.

PRKS has been the topic of several analyst reports. Northcoast Research initiated coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Barclays increased their target price on United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus reissued a “hold” rating and set a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Guggenheim boosted their price target on shares of United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 27th.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $45.31 on Friday. The stock has a market capitalization of $2.05 billion, a PE ratio of 17.84, a P/E/G ratio of 4.23 and a beta of 1.16. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95. The business’s fifty day moving average price is $45.95 and its 200-day moving average price is $39.15.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the previous year, the business earned $1.45 EPS. United Parks & Resorts’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts expect that United Parks & Resorts will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $44.20, for a total value of $292,692.40. Following the sale, the insider directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC grew its holdings in shares of United Parks & Resorts by 1.7% during the 4th quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock worth $787,000 after acquiring an additional 358 shares during the period. Captrust Financial Advisors raised its position in shares of United Parks & Resorts by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after purchasing an additional 420 shares during the last quarter. NewEdge Wealth LLC raised its holdings in United Parks & Resorts by 4.0% in the first quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock worth $435,000 after buying an additional 509 shares during the last quarter. Versant Capital Management Inc raised its holdings in United Parks & Resorts by 40.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock worth $89,000 after acquiring an additional 537 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth $28,000.

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.