Equities research analysts at Citizens Jmp assumed coverage on shares of United Parks & Resorts (NYSE:PRKS – Get Free Report) in a research report issued on Monday,Benzinga reports. The firm set a “market perform” rating on the stock.
PRKS has been the topic of several other research reports. Truist Financial boosted their target price on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Mizuho raised shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $47.00 in a research note on Friday, May 8th. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective on shares of United Parks & Resorts in a report on Monday, June 15th. Citigroup initiated coverage on United Parks & Resorts in a research note on Monday. They set a “market perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.00.
Get Our Latest Stock Report on PRKS
United Parks & Resorts Stock Up 0.1%
United Parks & Resorts (NYSE:PRKS – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.33). The business had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) earnings per share. Sell-side analysts expect that United Parks & Resorts will post 3.41 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the completion of the sale, the insider directly owned 130,285 shares in the company, valued at approximately $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On United Parks & Resorts
Several institutional investors and hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. increased its holdings in shares of United Parks & Resorts by 742.3% during 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 during the last quarter. Hawk Ridge Capital Management LP acquired a new stake in United Parks & Resorts during the first quarter worth $51,094,000. Goldentree Asset Management LP raised its position in United Parks & Resorts by 83.5% in the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after purchasing an additional 1,109,930 shares during the period. Long Pond Capital LP acquired a new position in shares of United Parks & Resorts in the 4th quarter valued at $31,036,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $26,000,000.
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.
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