United Parks & Resorts Inc. (NYSE:PRKS) Insider Purchases $1,947,860.00 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider James Mikolaichik acquired 34,000 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

United Parks & Resorts Trading Up 0.3 %

PRKS stock traded up $0.16 on Monday, hitting $56.97. The company had a trading volume of 383,428 shares, compared to its average volume of 888,376. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.36. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 14.24 and a beta of 2.00. The stock’s 50-day simple moving average is $53.02 and its 200 day simple moving average is $52.19.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The firm had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Research analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Institutional Trading of United Parks & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRKS. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at $28,000. Blue Trust Inc. bought a new position in United Parks & Resorts in the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in United Parks & Resorts in the 3rd quarter worth $32,000. Finally, KBC Group NV bought a new stake in United Parks & Resorts during the third quarter valued at about $54,000.

Analysts Set New Price Targets

PRKS has been the subject of several recent research reports. Citigroup boosted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Truist Financial raised their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Mizuho reaffirmed an “underperform” rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie decreased their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.60.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.