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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $62.60.

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

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $53.55 on Friday. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The business has a 50-day moving average of $56.30 and a two-hundred day moving average of $53.47. The stock has a market capitalization of $2.95 billion, a P/E ratio of 13.42 and a beta of 1.99.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) 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 company had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same period in the previous year, the company earned $1.92 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts expect that United Parks & Resorts will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider James Mikolaichik acquired 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts in the third quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $28,000. Blue Trust Inc. bought a new position in United Parks & Resorts in the 3rd quarter worth approximately $30,000. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the 3rd quarter worth $32,000. Finally, KBC Group NV bought a new position in United Parks & Resorts in the 3rd quarter valued at $54,000.

United Parks & Resorts Company Profile

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.