United Parks & Resorts Inc. (NYSE:PRKS) Receives $58.15 Average Target Price from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.38.

A number of research firms recently commented on PRKS. Guggenheim increased their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Barclays began coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a research report on Tuesday. Truist Financial decreased their target price on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group began coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price for the company.

United Parks & Resorts Price Performance

NYSE:PRKS traded up $1.70 during mid-day trading on Thursday, reaching $47.46. The stock had a trading volume of 1,044,262 shares, compared to its average volume of 890,706. The business's 50 day moving average is $45.30 and its 200 day moving average is $51.06. United Parks & Resorts has a fifty-two week low of $37.68 and a fifty-two week high of $60.83. The stock has a market cap of $2.61 billion, a P/E ratio of 11.90 and a beta of 1.51.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm had revenue of $286.95 million during the quarter, compared to analyst estimates of $294.28 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts expect that United Parks & Resorts will post 3.95 EPS for the current year.

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. This represents a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several hedge funds have recently modified their holdings of PRKS. HG Vora Capital Management LLC boosted its position in shares of United Parks & Resorts by 180.0% in the first quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company's stock valued at $63,644,000 after acquiring an additional 900,000 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of United Parks & Resorts by 15.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after acquiring an additional 599,043 shares during the period. Raymond James Financial Inc. bought a new position in United Parks & Resorts in the fourth quarter worth $30,292,000. River Road Asset Management LLC lifted its position in United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after purchasing an additional 450,670 shares during the period. Finally, Voss Capital LP lifted its position in United Parks & Resorts by 30.9% in the first quarter. Voss Capital LP now owns 1,895,424 shares of the company's stock worth $86,166,000 after purchasing an additional 447,924 shares during the period.

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.