United Parks & Resorts (NYSE:PRKS) Shares Down 3.7% - What's Next?

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) shares traded down 3.7% on Thursday . The stock traded as low as $45.80 and last traded at $45.92. 151,359 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 888,044 shares. The stock had previously closed at $47.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays began coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price on the stock. UBS Group began coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price for the company. Stifel Nicolaus lowered their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Truist Financial reduced their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.38.

United Parks & Resorts Stock Performance

The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.23 and a beta of 1.51. The business's 50-day moving average is $45.10 and its two-hundred day moving average is $50.83.

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

Insiders Place Their Bets

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of United Parks & Resorts

Several hedge funds have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC grew 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 acquiring an additional 599,043 shares in the last quarter. Voss Capital LP grew 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 acquiring an additional 447,924 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after acquiring an additional 450,670 shares in the last quarter. Hawk Ridge Capital Management LP grew its stake in shares of United Parks & Resorts by 21.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company's stock worth $79,135,000 after acquiring an additional 312,970 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock worth $81,609,000 after acquiring an additional 19,012 shares in the last quarter.

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.