Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) were up 9.7% during trading on Thursday . The stock traded as high as $49.95 and last traded at $54.20. Approximately 323,975 shares traded hands during trading, a decline of 63% from the average daily volume of 877,397 shares. The stock had previously closed at $49.40.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Barclays began coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target for the company. JPMorgan Chase & Co. cut 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. Morgan Stanley upped their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Guggenheim raised their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $57.85.
Read Our Latest Research Report on PRKS
United Parks & Resorts Price Performance
The stock has a 50-day moving average price of $45.72 and a 200-day moving average price of $48.68. The firm has a market capitalization of $2.98 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.44.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. 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 business earned ($0.17) EPS. United Parks & Resorts's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.
Institutional Trading of United Parks & Resorts
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in United Parks & Resorts by 40.8% in the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after buying an additional 265,322 shares during the last quarter. National Bank of Canada FI grew its position in shares of United Parks & Resorts by 2,024,910.0% in the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock worth $22,757,000 after acquiring an additional 404,982 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of United Parks & Resorts in the 4th quarter valued at approximately $30,292,000. ExodusPoint Capital Management LP raised its position in shares of United Parks & Resorts by 82.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock valued at $7,878,000 after acquiring an additional 63,385 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of United Parks & Resorts during the 4th quarter valued at approximately $571,000.
About United Parks & Resorts
(
Get Free Report)
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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