James Mikolaichik Purchases 34,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider James Mikolaichik bought 34,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $56.62 on Tuesday. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.36. The business has a fifty day moving average of $53.02 and a two-hundred day moving average of $52.19. The stock has a market cap of $3.11 billion, a PE ratio of 14.19 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The firm had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. United Parks & Resorts’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. Analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PRKS shares. Stifel Nicolaus cut their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Citigroup upped their price target on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Finally, B. Riley reissued a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC bought a new position in United Parks & Resorts in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts in the third quarter valued at about $30,000. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the 3rd quarter worth about $32,000. Finally, KBC Group NV bought a new stake in United Parks & Resorts during the 3rd quarter worth about $54,000.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.