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 company’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 completion of the sale, the insider directly owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $44.16 on Wednesday. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $56.95. The stock has a market capitalization of $2.00 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. The firm has a 50 day simple moving average of $45.58 and a 200-day simple moving average of $38.85.

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 firm had revenue of $483.32 million for the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.United Parks & Resorts’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, analysts forecast that United Parks & Resorts Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PRKS. Citizens Jmp started coverage on United Parks & Resorts in a report on Monday, June 29th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup upped their price target on shares of United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.30.

Hedge Funds Weigh In On United Parks & Resorts

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

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.