United Parks & Resorts (NYSE:PRKS) Downgraded by Zacks Research to Strong Sell

United Parks & Resorts (NYSE:PRKS) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on PRKS. Barclays raised their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Northcoast Research began coverage on United Parks & Resorts in a report on Wednesday, July 8th. They set a “neutral” rating for the company. Citigroup increased their price objective on United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a research note on Thursday, August 6th. Finally, Guggenheim upped their target price on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.30.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $44.16 on Monday. The company has a market capitalization of $2.00 billion, a PE ratio of 17.38, a P/E/G ratio of 3.84 and a beta of 1.16. The company has a 50-day simple moving average of $45.58 and a two-hundred day simple moving average of $38.85. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. During the same quarter in the prior year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that United Parks & Resorts will post 3.07 earnings per share for the current fiscal year.

Insider Activity

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the transaction, the insider owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of United Parks & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of United Parks & Resorts by 183.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of United Parks & Resorts in the 2nd quarter valued at $31,000. Arax Advisory Partners acquired a new stake in shares of United Parks & Resorts in the fourth quarter worth $31,000. Finally, Empowered Funds LLC purchased a new position in shares of United Parks & Resorts during the fourth quarter worth $31,000.

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.