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

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $50.8182.

Several research analysts recently weighed in on PRKS shares. Mizuho lowered their price objective on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group lowered their price target on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. reduced their price objective on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Truist Financial lowered their price objective on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th.

United Parks & Resorts Stock Up 1.9%

NYSE PRKS opened at $38.21 on Tuesday. The business’s fifty day simple moving average is $35.93 and its 200-day simple moving average is $44.64. United Parks & Resorts has a 52 week low of $29.62 and a 52 week high of $58.51. The firm has a market cap of $2.08 billion, a PE ratio of 11.68, a P/E/G ratio of 4.26 and a beta of 1.28.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.63). The firm 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 quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $2.08 EPS. Research analysts expect that United Parks & Resorts will post 3.95 EPS for the current year.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $35.12, for a total transaction of $252,864.00. Following the transaction, the insider owned 138,285 shares of the company’s stock, valued at approximately $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 this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of United Parks & Resorts

Several hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC purchased a new stake in shares of United Parks & Resorts in the 4th quarter valued at approximately $25,000. CWM LLC boosted its position in shares of United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 293 shares during the last quarter. Quarry LP purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $28,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of United Parks & Resorts during the 2nd quarter worth about $123,000.

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.