United Parks & Resorts (NYSE:PRKS) Insider Christopher Finazzo Sells 8,000 Shares

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher Finazzo sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the sale, the insider directly owned 130,285 shares in the company, valued at approximately $4,789,276.60. The trade was a 5.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

United Parks & Resorts Price Performance

NYSE:PRKS traded down $1.27 during mid-day trading on Friday, reaching $45.17. The company’s stock had a trading volume of 717,150 shares, compared to its average volume of 929,506. The company’s fifty day simple moving average is $37.25 and its two-hundred day simple moving average is $35.91. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The stock has a market cap of $2.13 billion, a P/E ratio of 17.04, a P/E/G ratio of 3.65 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The business had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. During the same period in the previous year, the business posted ($0.29) earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts expect that United Parks & Resorts Inc. will post 3.41 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. increased its holdings in United Parks & Resorts by 742.3% during the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after purchasing an additional 3,944,894 shares during the last quarter. Vanguard Group Inc. increased its holdings in United Parks & Resorts by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after purchasing an additional 256,367 shares during the last quarter. Goldentree Asset Management LP increased its holdings in United Parks & Resorts by 83.5% during the 4th quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock worth $88,366,000 after purchasing an additional 1,109,930 shares during the last quarter. River Road Asset Management LLC increased its holdings in United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock worth $74,645,000 after purchasing an additional 74,392 shares during the last quarter. Finally, Voss Capital LP increased its holdings in United Parks & Resorts by 4.3% during the 3rd quarter. Voss Capital LP now owns 2,050,000 shares of the company’s stock worth $105,985,000 after purchasing an additional 85,000 shares during the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Finally, Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $47.00 in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.20.

United Parks & Resorts Company Profile

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.