United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate United Parks & Resorts “Hold” on average: Of 14 analysts, nine recommend holding, four recommend buying, and one recommends selling. The average 12-month price target is $47.30, compared with the stock’s reported price of $40.88.
• Recent quarterly results fell short of expectations: The company reported earnings of $1.34 per share versus the $1.67 consensus estimate, while revenue of $483.32 million missed forecasts and declined 1.4% year over year.
• Shares were trading up 1.1% at $40.88, with a market capitalization of approximately $1.85 billion. Insider Christopher Finazzo sold 6,622 shares, reducing his position by 5.08%.

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have been given a consensus rating of "Hold" by the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $47.30.

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a research report on Thursday, August 6th. Weiss Ratings upgraded United Parks & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Northcoast Research began coverage on shares of United Parks & Resorts in a research note on Wednesday, July 8th. They set a "neutral" rating for the company. Guggenheim boosted their price objective 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. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th.

Insider Activity at United Parks & Resorts

In related news, insider Christopher Finazzo sold 6,622 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the transaction, the insider directly owned 123,663 shares in the company, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of United Parks & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $28,000. Group One Trading LLC purchased a new position in United Parks & Resorts during the 2nd quarter valued at $31,000. Global Retirement Partners LLC purchased a new position in United Parks & Resorts during the 2nd quarter valued at $31,000. Rockefeller Capital Management L.P. boosted its holdings in United Parks & Resorts by 183.7% during 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 period. Finally, Arax Advisory Partners bought a new position in United Parks & Resorts in the 4th quarter valued at $31,000.

United Parks & Resorts Trading Up 1.1%

Shares of NYSE:PRKS opened at $40.88 on Wednesday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 3.80 and a beta of 1.14. United Parks & Resorts has a 12 month low of $28.77 and a 12 month high of $55.71. The company has a 50-day moving average price of $44.73 and a 200 day moving average price of $39.77.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $483.32 million for the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, equities analysts forecast that United Parks & Resorts will post 2.85 EPS for the current year.

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.

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