Insider Selling: United Parks & Resorts (NYSE:PRKS) Insider Sells $292,692.40 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher Finazzo sold 6,622 shares of the 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 directly owned 123,663 shares of the company’s stock, valued at $5,465,904.60. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United Parks & Resorts Trading Up 0.5%

NYSE PRKS opened at $44.37 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 3.86 and a beta of 1.16. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $56.95. The business’s 50 day moving average is $45.69 and its two-hundred day moving average is $38.89.

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

Analyst Ratings Changes

Several analysts recently issued reports on PRKS shares. Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Monday. Citigroup lifted their price target on United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Weiss Ratings upgraded United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, UBS Group restated a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a research report on Monday, June 15th. Four 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. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $47.30.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in United Parks & Resorts in the 3rd quarter valued at $28,000. Global Retirement Partners LLC acquired a new stake in shares of United Parks & Resorts during the 2nd quarter worth approximately $31,000. Sound Income Strategies LLC bought a new stake in United Parks & Resorts in the 4th quarter valued at $25,000. Rockefeller Capital Management L.P. increased its stake in United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares during the period. Finally, Arax Advisory Partners acquired a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $31,000.

About United Parks & Resorts

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.