United Parks & Resorts (NYSE:PRKS) Price Target Cut to $45.00

United Parks & Resorts (NYSE:PRKS) had its price target decreased by stock analysts at Mizuho from $46.00 to $45.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s price target indicates a potential downside of 18.03% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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. Macquarie reduced their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Citigroup boosted 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. B. Riley reiterated a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Stifel Nicolaus dropped their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $62.70.

United Parks & Resorts Trading Up 0.5 %

PRKS opened at $54.90 on Monday. The stock has a 50-day moving average of $50.83 and a 200 day moving average of $51.58. United Parks & Resorts has a 12 month low of $41.35 and a 12 month high of $60.36. The firm has a market cap of $3.18 billion, a P/E ratio of 14.33 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 EPS 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 company had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $503.93 million. During the same quarter last year, the firm posted $1.35 EPS. United Parks & Resorts’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts forecast that United Parks & Resorts will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction on 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 directly owns 722 shares in the company, valued at $35,695.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock valued at $1,938,984 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. purchased a new position in United Parks & Resorts in the third quarter valued at about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $27,850,000. Perpetual Ltd purchased a new position in shares of United Parks & Resorts during the third quarter worth $16,862,000. Raymond James & Associates acquired a new position in United Parks & Resorts in the third quarter valued at approximately $4,487,000. Finally, Hunter Associates Investment Management LLC acquired a new position in shares of United Parks & Resorts in the third quarter worth about $1,359,000.

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.