United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $70.00 at Guggenheim

United Parks & Resorts (NYSE:PRKS) had its price target cut by Guggenheim from $72.00 to $70.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

PRKS has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. Macquarie reduced their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group downgraded United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Mizuho restated an “underperform” rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

United Parks & Resorts Stock Up 0.2 %

Shares of PRKS opened at $56.87 on Tuesday. The stock’s fifty day simple moving average is $52.06 and its 200-day simple moving average is $51.80. The firm has a market capitalization of $3.13 billion, a PE ratio of 14.25 and a beta of 2.00. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same period in the prior year, the business earned $1.92 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts anticipate that United Parks & Resorts will post 4.01 EPS for the current year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $28,000. Blue Trust Inc. bought a new position in United Parks & Resorts in the 3rd quarter worth $30,000. KBC Group NV bought a new stake in United Parks & Resorts during the third quarter valued at about $54,000. Finally, Amalgamated Bank bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $65,000.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.