United Parks & Resorts (NYSE:PRKS) Shares Gap Up – What’s Next?

United Parks & Resorts Inc. (NYSE:PRKS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $45.51, but opened at $50.00. United Parks & Resorts shares last traded at $45.46, with a volume of 91,369 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on PRKS shares. Guggenheim dropped their target price on United Parks & Resorts from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Weiss Ratings raised shares of United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. UBS Group restated a “neutral” rating and issued a $45.00 price objective on shares of United Parks & Resorts in a report on Monday, June 15th. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and an average price target of $47.00.

United Parks & Resorts Stock Up 2.4%

The firm’s fifty day moving average price is $44.95 and its 200-day moving average price is $38.56. The stock has a market cap of $2.20 billion, a P/E ratio of 17.57, a PEG ratio of 3.57 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that United Parks & Resorts Inc. will post 3.35 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC raised its holdings in United Parks & Resorts by 1.7% in the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock worth $787,000 after buying an additional 358 shares during the last quarter. Captrust Financial Advisors raised its holdings in United Parks & Resorts by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after acquiring an additional 420 shares during the last quarter. NewEdge Wealth LLC raised its holdings in United Parks & Resorts by 4.0% in the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock worth $435,000 after acquiring an additional 509 shares during the last quarter. Quarry LP bought a new position in United Parks & Resorts in the 3rd quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in United Parks & Resorts by 40.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock valued at $89,000 after purchasing an additional 537 shares during the last quarter.

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.