Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $58.00

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $57.92.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. UBS Group assumed coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price for the company. Truist Financial decreased their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley raised their price objective on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Barclays reduced their price objective on shares of United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Friday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PRKS. HG Vora Capital Management LLC increased its holdings in 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 buying an additional 900,000 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after purchasing an additional 599,043 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of United Parks & Resorts during the 4th quarter worth approximately $30,292,000. Voss Capital LP increased its stake in shares of United Parks & Resorts by 30.9% during the 1st 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 in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of United Parks & Resorts by 2,024,910.0% during the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock worth $22,757,000 after purchasing an additional 404,982 shares in the last quarter.

United Parks & Resorts Trading Down 0.3%

Shares of PRKS traded down $0.13 during mid-day trading on Friday, hitting $47.33. 804,606 shares of the company's stock were exchanged, compared to its average volume of 873,859. United Parks & Resorts has a fifty-two week low of $37.68 and a fifty-two week high of $60.83. The firm has a market capitalization of $2.60 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.41 and a beta of 1.44. The business's 50 day moving average is $46.15 and its two-hundred day moving average is $48.40.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 51.46% and a net margin of 12.98%. The business had revenue of $286.95 million for the quarter, compared to analyst estimates of $294.28 million. During the same quarter last year, the company posted ($0.17) EPS. United Parks & Resorts's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that United Parks & Resorts will post 3.95 earnings per share 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.