Insider Selling: United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells 1,000 Shares of Stock

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) insider Kyle Robert Miller sold 1,000 shares of the company's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the transaction, the insider now owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kyle Robert Miller also recently made the following trade(s):

• On Monday, March 18th, Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock. The shares were sold at an average price of $52.50, for a total value of $52,500.00.

United Parks & Resorts Trading Down 0.8 %

Shares of NYSE PRKS traded down $0.40 on Monday, reaching $52.57. 1,786,857 shares of the company's stock traded hands, compared to its average volume of 827,952. United Parks & Resorts Inc. has a 12 month low of $40.87 and a 12 month high of $61.30. The company has a 50 day moving average of $52.67. The stock has a market cap of $3.38 billion, a P/E ratio of 14.59 and a beta of 1.81.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.16). The business had revenue of $389.00 million for the quarter, compared to the consensus estimate of $396.45 million. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. United Parks & Resorts's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Analysts expect that United Parks & Resorts Inc. will post 4.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PRKS. Mizuho began coverage on shares of United Parks & Resorts in a report on Tuesday, March 26th. They set an "underperform" rating and a $47.00 target price on the stock. Citigroup increased their target price on United Parks & Resorts from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on United Parks & Resorts from $57.00 to $61.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Guggenheim began coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They set a "buy" rating and a $73.00 price target for the company. Finally, Truist Financial increased their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, United Parks & Resorts presently has an average rating of "Hold" and an average price target of $60.40.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.