Short Interest in United Parks & Resorts Inc. (NYSE:PRKS) Rises By 23.5%

United Parks & Resorts Inc. (NYSE:PRKS) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 4,580,000 shares, a growth of 23.5% from the July 15th total of 3,710,000 shares. Based on an average daily volume of 1,000,000 shares, the short-interest ratio is presently 4.6 days. Approximately 7.5% of the shares of the company are sold short.

United Parks & Resorts Trading Down 0.9 %

Shares of United Parks & Resorts stock traded down $0.42 on Friday, reaching $48.45. The stock had a trading volume of 575,340 shares, compared to its average volume of 1,333,791. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $60.36. The stock has a market capitalization of $2.81 billion, a P/E ratio of 13.02 and a beta of 2.02. The stock’s 50 day moving average price is $52.33.

United Parks & Resorts (NYSE:PRKS) last announced 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 negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $503.93 million. During the same period in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts forecast that United Parks & Resorts will post 4.36 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the sale, the insider now directly owns 33,242 shares in the company, valued at approximately $1,713,292.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PRKS shares. Mizuho boosted their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, May 9th. Stifel Nicolaus dropped their price objective 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. Citigroup upped their price objective on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Macquarie dropped their price objective on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, B. Riley upped their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $65.90.

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.