James Forrester, Jr. Sells 1,150 Shares of United Parks & Resorts (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider James Forrester, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the transaction, the insider owned 26,733 shares of the company’s stock, valued at approximately $954,635.43. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

United Parks & Resorts Stock Performance

NYSE:PRKS traded down $0.40 during midday trading on Thursday, reaching $35.73. 785,989 shares of the stock traded hands, compared to its average volume of 954,292. The stock has a market capitalization of $1.62 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 3.38 and a beta of 1.14. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $55.71. The business has a 50-day moving average of $43.49 and a two-hundred day moving average of $39.86.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) 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 previous year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts anticipate that United Parks & Resorts Inc. will post 2.85 earnings per share for the current year.

Institutional Trading of United Parks & Resorts

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of United Parks & Resorts in the 2nd quarter valued at about $171,560,000. Hawk Ridge Capital Management LP acquired a new stake in United Parks & Resorts during the first quarter worth about $51,094,000. Bank of America Corp DE acquired a new stake in United Parks & Resorts during the second quarter worth about $26,222,000. Engine Capital Management LP grew its holdings in United Parks & Resorts by 96.2% during the fourth quarter. Engine Capital Management LP now owns 856,397 shares of the company’s stock worth $31,087,000 after acquiring an additional 420,000 shares during the period. Finally, Invenomic Capital Management LP raised its position in United Parks & Resorts by 624.8% during the fourth quarter. Invenomic Capital Management LP now owns 309,008 shares of the company’s stock valued at $11,217,000 after acquiring an additional 266,375 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Guggenheim increased their price target on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a report on Thursday, August 6th. UBS Group reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of United Parks & Resorts in a research report on Monday, June 15th. Weiss Ratings upgraded shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Mizuho set a $51.00 target price on shares of United Parks & Resorts in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.90.

United Parks & Resorts Company Profile

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.