United Parks & Resorts (NYSE:PRKS) Announces Earnings Results

United Parks & Resorts (NYSE:PRKS) posted its earnings results on Monday. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.33), Briefing.com reports. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. During the same quarter last year, the business earned ($0.29) earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $39.10 on Monday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 12.82, a PEG ratio of 2.96 and a beta of 1.14. The company has a 50 day moving average price of $33.96 and a 200 day moving average price of $36.36. United Parks & Resorts has a fifty-two week low of $28.77 and a fifty-two week high of $56.95.

Institutional Trading of United Parks & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRKS. Quarry LP purchased a new position in shares of United Parks & Resorts during the third quarter worth $28,000. Empowered Funds LLC acquired a new position in United Parks & Resorts during the 4th quarter worth about $31,000. Arax Advisory Partners acquired a new position in United Parks & Resorts during the 4th quarter worth about $31,000. Tower Research Capital LLC TRC boosted its holdings in United Parks & Resorts by 238.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,023 shares of the company’s stock valued at $190,000 after acquiring an additional 2,835 shares during the period. Finally, Prudential Financial Inc. purchased a new position in United Parks & Resorts during the 2nd quarter valued at about $208,000.

Analyst Ratings Changes

A number of research analysts recently commented on PRKS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their target price on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Citigroup reduced their target price on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $47.00 in a research note on Friday. Finally, Guggenheim lowered their price target on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of “Hold” and an average price target of $49.50.

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.