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

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities 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. The average 1-year target price among analysts that have issued a report on the stock in the last year is $62.60.

Several research firms recently issued reports on PRKS. Guggenheim reduced their price target 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. JPMorgan Chase & Co. reduced 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 report on Monday, September 16th. Stifel Nicolaus decreased their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial raised 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. Finally, B. Riley reiterated a “buy” rating and set a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th.

Insiders Place Their Bets

In related news, insider James Mikolaichik purchased 34,000 shares of United Parks & Resorts stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the sale, the director now owns 41,766 shares of the company’s stock, valued at $2,091,223.62. This trade 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 Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hill Path Capital LP purchased a new position in shares of United Parks & Resorts in the third quarter worth about $1,376,588,000. Simcoe Capital Management LLC bought a new position in United Parks & Resorts in the 3rd quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new position in United Parks & Resorts in the 3rd quarter valued at approximately $71,882,000. River Road Asset Management LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $66,841,000. Finally, HG Vora Capital Management LLC purchased a new stake in shares of United Parks & Resorts during the third quarter worth $65,780,000.

United Parks & Resorts Price Performance

PRKS stock opened at $58.07 on Thursday. The company’s 50-day moving average is $53.26 and its 200-day moving average is $52.24. The stock has a market capitalization of $3.19 billion, a PE ratio of 14.55 and a beta of 2.00. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $545.90 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 EPS. On average, analysts anticipate that United Parks & Resorts will post 3.97 earnings per share 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.