United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One 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 12 month target price among brokerages that have covered the stock in the last year is $62.60.

PRKS has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. Guggenheim cut their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Mizuho reaffirmed an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective 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, Citigroup boosted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th.

United Parks & Resorts Stock Up 0.9 %

Shares of United Parks & Resorts stock opened at $54.08 on Monday. The company has a market cap of $2.97 billion, a P/E ratio of 13.55 and a beta of 2.00. The firm’s 50 day moving average price is $55.70 and its 200-day moving average price is $52.94. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The business had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 earnings per share. As a group, equities research analysts forecast that United Parks & Resorts will post 3.97 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider James Mikolaichik acquired 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the purchase, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently bought and sold shares of PRKS. Hexagon Capital Partners LLC purchased a new stake in United Parks & Resorts in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $28,000. Blue Trust Inc. purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $30,000. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts during the third quarter worth about $32,000. Finally, KBC Group NV purchased a new position in United Parks & Resorts during the third quarter worth about $54,000.

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.