United Parks & Resorts (NYSE:PRKS) Price Target Raised to $54.00

United Parks & Resorts (NYSE:PRKS) had its price target boosted by Guggenheim from $51.00 to $54.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Weiss Ratings raised shares of United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $56.00 price target on shares of United Parks & Resorts in a research note on Monday, July 13th. Citigroup increased their price objective on shares of United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group upped their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.10.

United Parks & Resorts Stock Up 1.8%

Shares of PRKS opened at $45.05 on Wednesday. The business has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $38.76. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 3.87 and a beta of 1.16. United Parks & Resorts has a 52 week low of $28.77 and a 52 week high of $56.95.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The business had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, equities analysts anticipate that United Parks & Resorts will post 3.07 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christopher L. Finazzo sold 8,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the completion of the sale, the insider directly owned 130,285 shares in the company, valued at $4,789,276.60. This represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of United Parks & Resorts

Institutional investors have recently bought and sold shares of the stock. SkyView Investment Advisors LLC increased its position in shares of United Parks & Resorts by 1.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock valued at $787,000 after acquiring an additional 358 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of United Parks & Resorts by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after purchasing an additional 420 shares during the period. NewEdge Wealth LLC increased its holdings in United Parks & Resorts by 4.0% in the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock valued at $435,000 after purchasing an additional 509 shares during the last quarter. Quarry LP purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its position in United Parks & Resorts by 40.5% in the second quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock valued at $89,000 after purchasing an additional 537 shares during the period.

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.