United Parks & Resorts Inc. (NYSE:PRKS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $62.60.

Several brokerages have issued reports on PRKS. Citigroup increased their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft cut their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial increased their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus cut their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Guggenheim decreased their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th.

Insider Activity at United Parks & Resorts

In other news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the transaction, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. This trade represents a 21.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. This represents a 23.72 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Parks & Resorts

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in United Parks & Resorts during the third quarter valued at approximately $739,000. Handelsbanken Fonder AB acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $390,000. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $25,000. Perpetual Ltd acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at $16,862,000. Finally, Inspire Investing LLC purchased a new stake in United Parks & Resorts during the third quarter worth $411,000.

United Parks & Resorts Trading Up 1.5 %

Shares of PRKS stock opened at $58.07 on Thursday. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.36. The stock has a fifty day simple moving average of $53.26 and a two-hundred day simple moving average of $52.24. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. Research analysts predict that United Parks & Resorts will post 3.97 EPS for the current fiscal year.

About United Parks & Resorts

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.