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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.60.

Several equities research analysts have weighed in on the company. Mizuho reissued an “underperform” rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Guggenheim cut their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. 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 cut their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, September 16th.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at $7,366,257.18. The trade was a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the purchase, the insider now owns 76,267 shares in the company, valued at approximately $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. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hill Path Capital LP acquired a new stake in United Parks & Resorts in the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC acquired a new stake in shares of United Parks & Resorts in the third quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new stake in shares of United Parks & Resorts during the third quarter worth approximately $71,882,000. River Road Asset Management LLC acquired a new position in United Parks & Resorts in the 3rd quarter valued at $66,841,000. Finally, HG Vora Capital Management LLC purchased a new position in United Parks & Resorts in the 3rd quarter valued at $65,780,000.

United Parks & Resorts Stock Down 0.4 %

NYSE PRKS opened at $55.43 on Monday. The firm has a market cap of $3.05 billion, a PE ratio of 13.89 and a beta of 2.00. United Parks & Resorts has a 52 week low of $44.72 and a 52 week high of $60.83. The company has a 50 day moving average price of $55.98 and a 200 day moving average price of $53.07.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts anticipate that United Parks & Resorts will post 3.97 earnings per share for the current fiscal year.

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.