United Parks & Resorts Inc. (NYSE:PRKS) Given Average Recommendation of “Hold” by Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $50.8182.

PRKS has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday. Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Truist Financial dropped their price target on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Barclays cut their price objective on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. decreased their target price on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $36.32 on Friday. United Parks & Resorts has a 1-year low of $29.62 and a 1-year high of $60.63. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 11.11 and a beta of 1.30. The stock’s fifty day moving average price is $37.37 and its 200 day moving average price is $45.80.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.63). The company had revenue of $511.85 million during the quarter, compared to analysts’ expectations of $540.43 million. United Parks & Resorts had a net margin of 10.83% and a negative return on equity of 44.47%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 earnings per share. As a group, equities research analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current year.

United Parks & Resorts declared that its board has initiated a share repurchase program on Friday, September 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 7,200 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.12, for a total value of $252,864.00. Following the sale, the insider directly owned 138,285 shares of the company’s stock, valued at $4,856,569.20. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. CWM LLC lifted its holdings in shares of United Parks & Resorts by 74.3% in the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after buying an additional 211 shares during the period. Federated Hermes Inc. grew its holdings in United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 293 shares during the period. Inspire Investing LLC raised its position in United Parks & Resorts by 4.7% during the third quarter. Inspire Investing LLC now owns 8,738 shares of the company’s stock valued at $452,000 after acquiring an additional 392 shares in the last quarter. Captrust Financial Advisors lifted its holdings in United Parks & Resorts by 4.9% in the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock valued at $424,000 after acquiring an additional 420 shares during the period. Finally, Quarry LP acquired a new position in United Parks & Resorts in the third quarter valued at approximately $28,000.

United Parks & Resorts Company Profile

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.