United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Rating of “Hold” from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.8182.

Several analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Mizuho lowered their price target on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a report on Wednesday, November 12th. Truist Financial reduced their price objective on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st.

United Parks & Resorts Stock Down 4.9%

Shares of NYSE:PRKS opened at $35.80 on Tuesday. The company’s 50-day moving average price is $36.43 and its 200 day moving average price is $44.29. The company has a market cap of $1.95 billion, a PE ratio of 10.95, a P/E/G ratio of 2.51 and a beta of 1.27. United Parks & Resorts has a fifty-two week low of $29.62 and a fifty-two week high of $58.51.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.63). The firm had revenue of $511.85 million during the quarter, compared to the consensus estimate of $540.43 million. United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.United Parks & Resorts’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company posted $2.08 EPS. As a group, equities analysts anticipate that United Parks & Resorts will post 3.95 EPS for the current year.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $35.12, for a total transaction of $252,864.00. Following the transaction, the insider owned 138,285 shares in the company, valued at $4,856,569.20. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRKS. Nomura Holdings Inc. raised its stake in shares of United Parks & Resorts by 742.3% in the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after buying an additional 3,944,894 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in United Parks & Resorts during the third quarter worth about $26,000,000. SG Americas Securities LLC bought a new stake in United Parks & Resorts in the third quarter worth about $19,209,000. ING Groep NV bought a new stake in United Parks & Resorts in the third quarter worth about $18,095,000. Finally, Melqart Asset Management UK Ltd acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $15,519,000.

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.