United Parks & Resorts Inc. (NYSE:PRKS) Receives $47.30 Average PT from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.30.

A number of research firms have recently weighed in on PRKS. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Mizuho set a $51.00 target price on shares of United Parks & Resorts in a research report on Wednesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th.

United Parks & Resorts Price Performance

PRKS opened at $45.49 on Friday. United Parks & Resorts has a 12 month low of $28.77 and a 12 month high of $56.95. The stock has a market capitalization of $2.06 billion, a P/E ratio of 17.91, a P/E/G ratio of 4.21 and a beta of 1.16. The business has a 50 day simple moving average of $45.92 and a 200-day simple moving average of $39.24.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business had revenue of $483.32 million for the quarter, compared to analyst estimates of $492.10 million. During the same period in the prior year, the company earned $1.45 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Research analysts anticipate that United Parks & Resorts will post 2.85 EPS for the current year.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 6,622 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $44.20, for a total value of $292,692.40. Following the sale, the insider owned 123,663 shares in the company, valued at $5,465,904.60. This represents a 5.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. grew its holdings in United Parks & Resorts by 742.3% in the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after purchasing an additional 3,944,894 shares during the last quarter. BlackRock Inc. acquired a new position in shares of United Parks & Resorts during the 2nd quarter worth $171,560,000. Goldentree Asset Management LP raised its stake in shares of 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 buying an additional 1,109,930 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of 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 buying an additional 74,392 shares during the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in shares of United Parks & Resorts in the 1st quarter worth about $51,094,000.

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.