United Parks & Resorts Inc. (NYSE:PRKS) Stock Rated “Hold” by Wall Street Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.40.

A number of equities analysts have weighed in on the stock. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Citizens Jmp initiated coverage on shares of United Parks & Resorts in a report on Monday, June 29th. They set a “market perform” rating on the stock. UBS Group restated a “neutral” rating and set a $45.00 price objective on shares of United Parks & Resorts in a research report on Monday, June 15th. Weiss Ratings upgraded shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a research note on Thursday, August 6th.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher Finazzo sold 6,622 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the transaction, the insider owned 123,663 shares of the company’s stock, valued at $5,465,904.60. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Forrester, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the sale, the insider owned 26,733 shares in the company, valued at $954,635.43. The trade was a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PRKS. Rockefeller Capital Management L.P. grew its stake in shares of United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after acquiring an additional 551 shares during the last quarter. Group One Trading LLC bought a new position in United Parks & Resorts during the second quarter worth about $31,000. Global Retirement Partners LLC acquired a new stake in United Parks & Resorts in the 2nd quarter valued at $31,000. Hantz Financial Services Inc. boosted its stake in shares of United Parks & Resorts by 985.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,259 shares of the company’s stock valued at $46,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts during the second quarter worth about $53,000.

United Parks & Resorts Trading Up 1.7%

Shares of United Parks & Resorts stock opened at $32.64 on Friday. United Parks & Resorts has a twelve month low of $28.77 and a twelve month high of $54.42. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.25. The company has a fifty day moving average price of $39.17 and a 200 day moving average price of $39.81.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.33). The company had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. Analysts forecast that United Parks & Resorts will post 2.85 earnings per share for the current year.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of parks and attractions in the United States. Its properties combine amusement rides, live entertainment, animal exhibits, educational experiences, and seasonal events for families and other guests.

The company’s principal brands include SeaWorld, Busch Gardens, Sesame Place, Discovery Cove, Aquatica, Adventure Island, and Water Country USA. Its parks offer roller coasters and other rides, water attractions, animal encounters, zoological presentations, dining, retail, and hospitality-related experiences.