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

United Parks & Resorts Inc. (NYSE:PRKS) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $62.60.

PRKS has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial boosted their price objective on 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, Stifel Nicolaus cut their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Insider Buying and Selling

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 21.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently modified their holdings of PRKS. Hill Path Capital LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $1,376,588,000. Simcoe Capital Management LLC purchased a new position in United Parks & Resorts during the third quarter valued at $110,983,000. Goldentree Asset Management LP bought a new stake in United Parks & Resorts in the third quarter worth $71,882,000. River Road Asset Management LLC purchased a new stake in shares of United Parks & Resorts in the third quarter worth $66,841,000. Finally, HG Vora Capital Management LLC purchased a new stake in shares of United Parks & Resorts in the third quarter worth $65,780,000.

United Parks & Resorts Trading Up 1.5 %

Shares of NYSE:PRKS opened at $58.07 on Thursday. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.36. The stock has a market cap of $3.19 billion, a P/E ratio of 14.55 and a beta of 2.00. The company has a 50 day moving average of $53.26 and a 200 day moving average of $52.24.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. During the same period in the previous year, the business earned $1.92 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that United Parks & Resorts will post 3.97 earnings per share for the current fiscal year.

United Parks & Resorts Company Profile

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.