United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of “Hold” by Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $50.8182.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Truist Financial cut their target price on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Mizuho lowered their price target on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a research report on Wednesday, November 12th. Finally, Barclays dropped their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 11th.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the transaction, the insider directly owned 138,285 shares in the company, valued at approximately $4,856,569.20. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in United Parks & Resorts by 158.5% in the first quarter. Comerica Bank now owns 22,462 shares of the company’s stock worth $1,021,000 after purchasing an additional 13,772 shares in the last quarter. AQR Capital Management LLC grew its position in shares of United Parks & Resorts by 11.7% in the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after buying an additional 1,282 shares during the last quarter. Engine Capital Management LP raised its stake in shares of United Parks & Resorts by 0.7% during the 1st quarter. Engine Capital Management LP now owns 366,397 shares of the company’s stock worth $16,656,000 after acquiring an additional 2,500 shares in the last quarter. HG Vora Capital Management LLC lifted its position in United Parks & Resorts by 180.0% during the first quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock valued at $63,644,000 after acquiring an additional 900,000 shares during the last quarter. Finally, Hawk Ridge Capital Management LP boosted its stake in United Parks & Resorts by 21.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after acquiring an additional 312,970 shares in the last quarter.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $36.85 on Friday. The company has a 50 day moving average price of $36.47 and a 200-day moving average price of $45.71. United Parks & Resorts has a fifty-two week low of $29.62 and a fifty-two week high of $59.24. The company has a market capitalization of $2.01 billion, a PE ratio of 11.27 and a beta of 1.28.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.63). The firm had revenue of $511.85 million during the quarter, compared to the consensus estimate of $540.43 million. United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. On average, analysts forecast that United Parks & Resorts will post 3.95 earnings per share for the current year.

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.