United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Average PT from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $62.60.

PRKS has been the topic of several recent analyst reports. Guggenheim decreased their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Macquarie decreased their price target on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. B. Riley reiterated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Mizuho reiterated an “underperform” rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the purchase, the insider now owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

United Parks & Resorts Trading Up 0.0 %

Shares of NYSE:PRKS opened at $52.23 on Friday. United Parks & Resorts has a 1-year low of $44.72 and a 1-year high of $60.83. The firm has a market capitalization of $2.87 billion, a PE ratio of 13.09 and a beta of 1.99. The business’s 50 day moving average is $56.60 and its 200-day moving average is $53.49.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts predict that United Parks & Resorts will post 3.96 EPS for the current 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.