United Parks & Resorts Inc. (NYSE:PRKS – Get Free Report) insider Christopher Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the completion of the transaction, the insider directly owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
United Parks & Resorts Trading Down 2.7%
Shares of NYSE PRKS opened at $45.17 on Friday. United Parks & Resorts Inc. has a 1-year low of $28.77 and a 1-year high of $56.95. The company has a market cap of $2.13 billion, a PE ratio of 17.04, a P/E/G ratio of 3.65 and a beta of 1.17. The company has a 50-day moving average of $37.25 and a two-hundred day moving average of $35.91.
United Parks & Resorts (NYSE:PRKS – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The company had revenue of $278.29 million during the quarter, compared to the consensus estimate of $279.92 million. During the same period in the prior year, the firm posted ($0.29) earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts forecast that United Parks & Resorts Inc. will post 3.41 earnings per share for the current year.
Institutional Investors Weigh In On United Parks & Resorts
Wall Street Analysts Forecast Growth
PRKS has been the subject of a number of research analyst reports. Mizuho raised shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $27.00 to $47.00 in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Guggenheim dropped their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $47.20.
View Our Latest Stock Report on PRKS
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.
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