United Parks & Resorts Inc. (NYSE:PRKS – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $45.51, but opened at $50.00. United Parks & Resorts shares last traded at $45.46, with a volume of 91,369 shares.
Wall Street Analysts Forecast Growth
PRKS has been the subject of a number of research analyst reports. Guggenheim raised their price target on United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. The Goldman Sachs Group lifted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. UBS Group reiterated a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Finally, Citizens Jmp assumed coverage on United Parks & Resorts in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.20.
Get Our Latest Analysis on United Parks & Resorts
United Parks & Resorts Price Performance
United Parks & Resorts (NYSE:PRKS – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The company had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, equities analysts predict that United Parks & Resorts Inc. will post 3.35 EPS for the current fiscal year.
Insider Activity
In other news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider owned 130,285 shares in the company, valued at $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of United Parks & Resorts in the third quarter worth approximately $28,000. Sound Income Strategies LLC purchased a new position in United Parks & Resorts in the fourth quarter worth about $25,000. Rockefeller Capital Management L.P. grew 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 valued at $31,000 after purchasing an additional 551 shares during the period. Arax Advisory Partners purchased a new stake in shares of United Parks & Resorts during the 4th quarter valued at about $31,000. Finally, Empowered Funds LLC bought a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $31,000.
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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