United Parks & Resorts Inc. (NYSE:PRKS – Get Free Report) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.2727.
PRKS has been the subject of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a $45.00 price target on shares of United Parks & Resorts in a report on Monday, June 15th. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $27.00 to $47.00 in a report on Friday, May 8th. Northcoast Research assumed coverage on United Parks & Resorts in a research report on Wednesday, July 8th. They issued a “neutral” rating for the company. Citigroup raised their target price on United Parks & Resorts from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th.
Check Out Our Latest Report on PRKS
Insider Activity
Institutional Trading of United Parks & Resorts
Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in United Parks & Resorts by 40.5% in the second quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock valued at $89,000 after buying an additional 537 shares in the last quarter. Amundi acquired a new stake in shares of United Parks & Resorts during the 1st quarter valued at approximately $200,000. California State Teachers Retirement System boosted its stake in shares of United Parks & Resorts by 46.0% during the 1st quarter. California State Teachers Retirement System now owns 39,893 shares of the company’s stock worth $1,303,000 after acquiring an additional 12,565 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of United Parks & Resorts by 27.3% during the 1st quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock worth $92,000 after acquiring an additional 602 shares in the last quarter. Finally, Engine Capital Management LP grew its holdings in shares of United Parks & Resorts by 20.8% in the 1st quarter. Engine Capital Management LP now owns 1,034,414 shares of the company’s stock worth $33,784,000 after acquiring an additional 178,017 shares during the period.
United Parks & Resorts Stock Down 0.3%
NYSE PRKS opened at $44.72 on Tuesday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 16.87, a P/E/G ratio of 3.59 and a beta of 1.14. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $56.95. The firm has a 50-day moving average price of $43.95 and a 200 day moving average price of $38.25.
United Parks & Resorts (NYSE:PRKS – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The firm had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. During the same quarter in the previous year, the business earned ($0.29) EPS. United Parks & Resorts’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts expect that United Parks & Resorts will post 3.35 earnings per share for the current fiscal year.
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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