Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $50.82

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $50.8182.

A number of analysts recently issued reports on PRKS shares. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. The Goldman Sachs Group reduced their target price on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. dropped their price target on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Mizuho cut their price target on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday, December 29th.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares of the company’s stock, valued at approximately $4,856,569.20. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of United Parks & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in shares of United Parks & Resorts during the fourth quarter valued at $25,000. CWM LLC lifted its holdings in United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after buying an additional 211 shares in the last quarter. Federated Hermes Inc. boosted its position in United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after buying an additional 293 shares during the period. Quarry LP purchased a new stake in United Parks & Resorts in the 3rd quarter valued at about $28,000. Finally, Neo Ivy Capital Management bought a new position in United Parks & Resorts in the 2nd quarter worth about $123,000.

United Parks & Resorts Trading Up 2.3%

PRKS opened at $38.28 on Tuesday. The stock has a 50-day moving average of $36.30 and a 200 day moving average of $44.47. United Parks & Resorts has a 12 month low of $29.62 and a 12 month high of $58.51. The firm has a market cap of $2.09 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.49 and a beta of 1.28.

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

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.