Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $47.00

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.00.

A number of brokerages have weighed in on PRKS. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Wednesday, June 24th. Citizens Jmp began coverage on United Parks & Resorts in a research report on Monday. They issued a “market perform” rating on the stock. Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $47.00 in a research report on Friday, May 8th. Finally, UBS Group restated a “neutral” rating and set a $45.00 price target on shares of United Parks & Resorts in a research note on Monday, June 15th.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction 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. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRKS. Versant Capital Management Inc grew its stake 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 worth $89,000 after buying an additional 537 shares during the period. Amundi purchased a new position in shares of United Parks & Resorts in the 1st quarter valued at $200,000. California State Teachers Retirement System raised its stake in shares of United Parks & Resorts by 46.0% in the 1st quarter. California State Teachers Retirement System now owns 39,893 shares of the company’s stock valued at $1,303,000 after acquiring an additional 12,565 shares during the period. Royal Bank of Canada lifted its holdings in shares of United Parks & Resorts by 27.3% during the 1st quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock valued at $92,000 after acquiring an additional 602 shares in the last quarter. Finally, Engine Capital Management LP lifted its holdings in shares of United Parks & Resorts by 20.8% during the 1st quarter. Engine Capital Management LP now owns 1,034,414 shares of the company’s stock valued at $33,784,000 after acquiring an additional 178,017 shares in the last quarter.

United Parks & Resorts Stock Performance

PRKS opened at $48.34 on Friday. The company’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $37.00. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $56.95. The stock has a market capitalization of $2.28 billion, a PE ratio of 18.24, a P/E/G ratio of 3.71 and a beta of 1.14.

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

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.