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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $62.60.

Several research analysts have weighed in on PRKS shares. Macquarie decreased their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Guggenheim lowered their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Mizuho reaffirmed an “underperform” rating and set a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Activity

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

Institutional Trading of United Parks & Resorts

Institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts during the third quarter worth $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts during the third quarter worth about $30,000. Public Employees Retirement System of Ohio purchased a new stake in United Parks & Resorts during the 3rd quarter valued at about $32,000. Finally, KBC Group NV bought a new stake in United Parks & Resorts in the 3rd quarter worth approximately $54,000.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $52.20 on Friday. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.83. The firm has a market capitalization of $2.87 billion, a PE ratio of 13.08 and a beta of 1.99. The business’s 50-day moving average is $56.69 and its two-hundred day moving average is $53.50.

United Parks & Resorts (NYSE:PRKS) last announced its 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). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. During the same period in the previous year, the firm posted $1.92 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that United Parks & Resorts will post 3.96 EPS for the current 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.