Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $62.60

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $62.60.

PRKS has been the topic of a number of research reports. Truist Financial lifted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho reiterated an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Macquarie cut their price target on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 12th.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik acquired 34,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hill Path Capital LP bought a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $1,376,588,000. Eagle Asset Management Inc. purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth $21,959,000. Quest Partners LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter worth $448,000. Goldentree Asset Management LP purchased a new position in shares of United Parks & Resorts during the third quarter valued at $71,882,000. Finally, Simcoe Capital Management LLC bought a new stake in shares of United Parks & Resorts in the third quarter valued at about $110,983,000.

United Parks & Resorts Stock Up 1.1 %

Shares of United Parks & Resorts stock opened at $52.81 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.24 and a beta of 1.99. The stock’s 50-day simple moving average is $56.51 and its 200-day simple moving average is $53.48. United Parks & Resorts has a 52 week low of $44.72 and a 52 week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, equities analysts expect that United Parks & Resorts will post 3.96 earnings per share for the current year.

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.