Insider Selling: United Parks & Resorts (NYSE:PRKS) Insider Sells $41,066.50 in Stock

United Parks & Resorts Inc. (NYSE:PRKSGet Free Report) insider James Forrester, Jr. sold 1,150 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $35.71, for a total value of $41,066.50. Following the transaction, the insider directly owned 26,733 shares in the company, valued at approximately $954,635.43. This represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

United Parks & Resorts Trading Down 1.1%

Shares of PRKS stock traded down $0.40 on Thursday, reaching $35.73. 785,989 shares of the company’s stock were exchanged, compared to its average volume of 954,292. United Parks & Resorts Inc. has a 52 week low of $28.77 and a 52 week high of $55.71. The stock has a market capitalization of $1.62 billion, a PE ratio of 14.07, a P/E/G ratio of 3.38 and a beta of 1.14. The company’s fifty day simple moving average is $43.49 and its 200 day simple moving average is $39.86.

United Parks & Resorts (NYSE:PRKSGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business had revenue of $483.32 million for the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the previous year, the firm earned $1.45 EPS. United Parks & Resorts’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PRKS. Northcoast Research initiated coverage on United Parks & Resorts in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Citizens Jmp initiated coverage on United Parks & Resorts in a report on Monday, June 29th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft set a $55.00 price target on United Parks & Resorts in a research report on Thursday, August 6th. Mizuho set a $51.00 price target on United Parks & Resorts in a research note on Wednesday, August 5th. Finally, Barclays lifted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $46.90.

Check Out Our Latest Analysis on United Parks & Resorts

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently bought and sold shares of the stock. Group One Trading LLC purchased a new position in shares of United Parks & Resorts in the 2nd quarter valued at $31,000. Global Retirement Partners LLC purchased a new stake in shares of United Parks & Resorts during the 2nd quarter worth $31,000. Rockefeller Capital Management L.P. lifted its stake in shares of United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 551 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts during the second quarter valued at about $53,000. Finally, Hantz Financial Services Inc. boosted its position in United Parks & Resorts by 985.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,259 shares of the company’s stock valued at $46,000 after purchasing an additional 1,143 shares in the last quarter.

United Parks & Resorts Company Profile

(Get Free Report)

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.

Recommended Stories

Receive News & Ratings for United Parks & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parks & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.