United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Hold” from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.40.

Several research firms recently issued reports on PRKS. Guggenheim decreased their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Mizuho cut their price target on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Citigroup dropped their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $32.94 on Wednesday. The company has a market capitalization of $1.60 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. United Parks & Resorts has a fifty-two week low of $29.62 and a fifty-two week high of $56.95. The firm has a 50 day moving average price of $35.69 and a 200 day moving average price of $40.84.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The firm had revenue of $373.55 million for the quarter, compared to analyst estimates of $375.87 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast that United Parks & Resorts will post 3.95 earnings per share for the current year.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in United Parks & Resorts in the fourth quarter valued at $25,000. CWM LLC boosted its stake 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 position in shares of 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 buying an additional 293 shares in the last quarter. Quarry LP acquired a new position in shares of United Parks & Resorts during the third quarter worth about $28,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the period.

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.