United Parks & Resorts Inc. (NYSE:PRKS) Stock Now Rated “Hold” by Sell-Side Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.40.

PRKS has been the topic of a number of research reports. Guggenheim raised their price target on United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded United Parks & Resorts from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. The Goldman Sachs Group lifted their target price on United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Finally, Mizuho set a $51.00 target price on United Parks & Resorts in a report on Wednesday, August 5th.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $34.13 on Thursday. The company has a market capitalization of $1.55 billion, a P/E ratio of 12.81, a PEG ratio of 3.06 and a beta of 1.22. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $50.00. The company’s fifty day moving average is $34.63 and its two-hundred day moving average is $38.05.

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

Insider Buying and Selling at United Parks & Resorts

In related news, insider James Forrester, Jr. sold 1,150 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the sale, the insider directly owned 26,733 shares of the company’s stock, valued at $954,635.43. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors have recently bought and sold shares of PRKS. CenterBook Partners LP acquired a new stake in United Parks & Resorts in the third quarter valued at about $379,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in United Parks & Resorts by 0.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 510,444 shares of the company’s stock valued at $16,538,000 after purchasing an additional 1,291 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $302,000. Inspire Investing LLC increased its position in United Parks & Resorts by 35.3% during the 3rd quarter. Inspire Investing LLC now owns 19,381 shares of the company’s stock worth $628,000 after purchasing an additional 5,054 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in United Parks & Resorts by 11.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 627,966 shares of the company’s stock worth $20,346,000 after purchasing an additional 64,694 shares during the period.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of destination amusement and water parks in the United States. Its properties combine rides, live entertainment, animal exhibits, educational experiences, seasonal events and hospitality-related offerings.

The company’s portfolio includes SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Sesame Place parks in Pennsylvania and California; and water parks and attractions such as Aquatica, Adventure Island, Water Country USA and Discovery Cove.