Zacks Research Upgrades United Parks & Resorts (NYSE:PRKS) to Hold

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

PRKS has been the subject of several other research reports. Guggenheim upped their price target on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Truist Financial decreased their price objective on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a research report on Thursday, August 6th. Mizuho set a $51.00 target price on shares of United Parks & Resorts in a research note on Wednesday, August 5th. Finally, Barclays increased their target price on United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.40.

United Parks & Resorts Stock Up 0.4%

NYSE:PRKS opened at $33.89 on Monday. The stock has a fifty day simple moving average of $38.69 and a 200 day simple moving average of $39.91. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.25. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $54.42.

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 for the quarter, compared to analysts’ expectations of $492.10 million. During the same period in the prior year, the company posted $1.45 earnings per share. United Parks & Resorts’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that United Parks & Resorts will post 2.85 earnings per share for the current year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the sale, the insider directly owned 123,663 shares in the company, valued at $5,465,904.60. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James W. Forrester, Jr. sold 1,150 shares of the stock in a transaction 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 transaction, the insider owned 26,733 shares in the company, valued at approximately $954,635.43. This trade represents a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.70% of the company’s stock.

Institutional Trading of United Parks & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its holdings in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after purchasing an additional 551 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of United Parks & Resorts in the 2nd quarter worth approximately $31,000. Group One Trading LLC bought a new stake in United Parks & Resorts in the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Parks & Resorts in the 2nd quarter valued at approximately $53,000. Finally, GAMMA Investing LLC raised its stake in United Parks & Resorts by 46.7% during the third quarter. GAMMA Investing LLC now owns 2,113 shares of the company’s stock worth $68,000 after acquiring an additional 673 shares in the last quarter.

United Parks & Resorts Company Profile

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.