United Parks & Resorts Inc. (NYSE:PRKS) Receives $47.82 Average PT from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $47.8182.

Several brokerages recently commented on PRKS. Stifel Nicolaus reissued a “hold” rating and set a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 target price on shares of United Parks & Resorts in a research note on Monday, July 13th. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. UBS Group reissued a “neutral” rating and set a $45.00 price target on shares of United Parks & Resorts in a research report on Monday, June 15th. Finally, Truist Financial boosted their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, March 26th.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the sale, the insider owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. The trade was a 5.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PRKS. JPMorgan Chase & Co. boosted its stake in shares of United Parks & Resorts by 105.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock worth $23,965,000 after purchasing an additional 237,575 shares during the period. Comerica Bank grew its holdings in United Parks & Resorts by 89.4% during the 4th quarter. Comerica Bank now owns 77,662 shares of the company’s stock valued at $2,819,000 after purchasing an additional 36,663 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in United Parks & Resorts in the 4th quarter worth about $1,416,000. Engine Capital Management LP raised its position in United Parks & Resorts by 96.2% in the 4th quarter. Engine Capital Management LP now owns 856,397 shares of the company’s stock worth $31,087,000 after purchasing an additional 420,000 shares during the period. Finally, Cibc World Market Inc. lifted its stake in United Parks & Resorts by 112.6% in the fourth quarter. Cibc World Market Inc. now owns 478,410 shares of the company’s stock worth $17,366,000 after purchasing an additional 253,400 shares during the last quarter.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $44.14 on Tuesday. United Parks & Resorts has a fifty-two week low of $28.77 and a fifty-two week high of $56.95. The stock’s 50 day simple moving average is $43.61 and its two-hundred day simple moving average is $38.13. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 3.62 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data 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 firm had revenue of $278.29 million during the quarter, compared to the consensus estimate of $279.92 million. During the same quarter last year, the company posted ($0.29) EPS. United Parks & Resorts’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts predict that United Parks & Resorts will post 3.35 earnings per share for the current year.

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.