Christopher Finazzo Sells 8,000 Shares of United Parks & Resorts (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher Finazzo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the sale, the insider owned 130,285 shares in the company, valued at approximately $4,789,276.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

United Parks & Resorts Price Performance

PRKS opened at $45.17 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of 17.04, a P/E/G ratio of 3.55 and a beta of 1.17. The stock’s 50 day simple moving average is $37.25 and its 200 day simple moving average is $35.91. United Parks & Resorts Inc. has a 1-year low of $28.77 and a 1-year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The firm had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. During the same quarter in the prior year, the company earned ($0.29) EPS. The business’s revenue was down 3.0% on a year-over-year basis. Research analysts expect that United Parks & Resorts Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRKS has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Truist Financial upped their target price on United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Guggenheim reduced their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.20.

Institutional Trading of United Parks & Resorts

Several large investors have recently added to or reduced their stakes in PRKS. Sound Income Strategies LLC acquired a new stake in United Parks & Resorts in the 4th quarter valued at $25,000. Quarry LP acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $28,000. Rockefeller Capital Management L.P. grew its stake in shares of United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of United Parks & Resorts during the fourth quarter valued at about $31,000. Finally, Empowered Funds LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter valued at about $31,000.

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.