United Parks & Resorts (NYSE:PRKS) Price Target Raised to $44.00

United Parks & Resorts (NYSE:PRKS) had its price objective raised by JPMorgan Chase & Co. from $39.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Guggenheim increased their price target on United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. The Goldman Sachs Group boosted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Finally, Northcoast Research assumed coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.30.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $45.11 on Tuesday. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $56.95. The firm has a 50 day moving average price of $45.78 and a two-hundred day moving average price of $38.94. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.87 and a beta of 1.16.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS 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 period in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parks & Resorts will post 3.07 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Trading of United Parks & Resorts

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in United Parks & Resorts by 11.7% during the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock valued at $556,000 after purchasing an additional 1,282 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after buying an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of United Parks & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after acquiring an additional 3,047 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of United Parks & Resorts during the second quarter worth about $208,000. Finally, Invesco Ltd. raised its holdings in shares of United Parks & Resorts by 5.8% in the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock worth $3,647,000 after acquiring an additional 4,209 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.