United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $45.00 at Mizuho

United Parks & Resorts (NYSE:PRKS) had its price objective lowered by Mizuho from $46.00 to $45.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research analysts have also commented on PRKS. JPMorgan Chase & Co. reduced their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock 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 on the stock in a report on Thursday, August 8th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $63.00 to $53.00 in a report on Thursday, August 8th. Citigroup upped their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.70.

United Parks & Resorts Trading Down 1.6 %

PRKS opened at $52.63 on Monday. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.74 and a beta of 2.01. United Parks & Resorts has a twelve month low of $41.52 and a twelve month high of $60.36. The firm’s 50-day moving average price is $51.05 and its 200 day moving average price is $51.61.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The company had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $503.93 million. During the same quarter last year, the company earned $1.35 earnings per share. United Parks & Resorts’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts predict that United Parks & Resorts will post 4.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

Hedge funds have recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new position in United Parks & Resorts in the third quarter valued at $66,841,000. Pinnacle Associates Ltd. purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $27,850,000. Perpetual Ltd acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $16,862,000. Finally, Raymond James & Associates purchased a new stake in United Parks & Resorts during the third quarter worth approximately $4,487,000.

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.