Christopher L. Finazzo Sells 13,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

United Parks & Resorts Trading Down 4.1 %

Shares of PRKS stock opened at $55.30 on Thursday. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83. The company has a market capitalization of $3.04 billion, a P/E ratio of 13.86 and a beta of 2.00. The stock has a 50 day moving average of $55.56 and a two-hundred day moving average of $52.93.

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

Institutional Trading of United Parks & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC acquired a new stake in United Parks & Resorts during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $30,000. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $32,000. Finally, KBC Group NV bought a new stake in United Parks & Resorts in the third quarter valued at $54,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Macquarie cut their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Mizuho reaffirmed an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Truist Financial boosted their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

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.