United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.70.

Several equities analysts have recently issued reports on PRKS shares. Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie dropped their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th.

United Parks & Resorts Stock Down 0.1 %

Shares of NYSE:PRKS opened at $52.57 on Friday. The company’s 50 day moving average price is $51.21 and its two-hundred day moving average price is $51.62. United Parks & Resorts has a 12-month low of $42.77 and a 12-month high of $60.36. The firm has a market cap of $3.05 billion, a PE ratio of 13.73 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. During the same period last year, the company posted $1.35 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, research analysts expect that United Parks & Resorts will post 4.23 EPS for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the transaction, the director now owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now directly owns 722 shares of the company’s stock, valued at approximately $35,695.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,366 shares of company stock valued at $1,938,984. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $25,000. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $28,000. Blue Trust Inc. purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $30,000. Amalgamated Bank purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $65,000. Finally, Nisa Investment Advisors LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $99,000.

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.