United Parks & Resorts Inc. (NYSE:PRKS) Given Average Recommendation of “Hold” by Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.90.

A number of analysts recently commented on PRKS shares. Northcoast Research assumed coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They set a “neutral” rating for the company. Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on United Parks & Resorts in a research note on Thursday, August 6th. Mizuho set a $51.00 price objective on shares of United Parks & Resorts in a research note on Wednesday, August 5th. Finally, Truist Financial lowered their price objective on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher Finazzo sold 6,622 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the transaction, the insider directly owned 123,663 shares in the company, valued at approximately $5,465,904.60. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Wealth LLC grew its position in shares of United Parks & Resorts by 4.0% during the first quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock valued at $435,000 after purchasing an additional 509 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of United Parks & Resorts by 40.5% in 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 in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares in the last quarter. Royal Bank of Canada boosted its stake in United Parks & Resorts by 27.3% during the first quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock valued at $92,000 after buying an additional 602 shares during the last quarter. Finally, Group One Trading LLC bought a new position in United Parks & Resorts during the second quarter valued at approximately $31,000.

United Parks & Resorts Trading Down 2.0%

NYSE:PRKS opened at $35.98 on Wednesday. United Parks & Resorts has a 12 month low of $28.77 and a 12 month high of $55.71. The company has a market cap of $1.63 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 3.45 and a beta of 1.14. The company has a 50 day simple moving average of $43.68 and a two-hundred day simple moving average of $39.86.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.33). The firm had revenue of $483.32 million for the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. United Parks & Resorts’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. Research analysts forecast that United Parks & Resorts will post 2.85 earnings per share for the current year.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.