United Parks & Resorts (NYSE:PRKS) Stock Price Down 1.9%

United Parks & Resorts Inc. (NYSE:PRKS)’s stock price was down 1.9% during trading on Wednesday . The stock traded as low as $52.24 and last traded at $52.24. Approximately 49,195 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 835,312 shares. The stock had previously closed at $53.27.

Analyst Ratings Changes

Several equities analysts have commented on PRKS shares. Truist Financial decreased their price objective on shares of United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Citigroup boosted their target price on shares of United Parks & Resorts from $57.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Mizuho boosted their target price on shares of United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, May 9th. B. Riley boosted their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Finally, Guggenheim initiated coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $73.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts has a consensus rating of “Hold” and an average target price of $63.83.

United Parks & Resorts Stock Performance

The firm has a market capitalization of $3.31 billion, a PE ratio of 14.32 and a beta of 2.02. The stock has a 50 day moving average price of $51.56.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.09. The firm had revenue of $297.40 million during the quarter, compared to the consensus estimate of $286.88 million. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. As a group, equities research analysts expect that United Parks & Resorts Inc. will post 4.38 EPS for the current year.

Insider Activity

In other news, insider Jayson Maxwell sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the completion of the transaction, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the transaction, the insider now directly owns 33,242 shares in the company, valued at approximately $1,713,292.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jayson Maxwell sold 500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the transaction, the insider now owns 1,267 shares in the company, valued at $68,316.64. The disclosure for this sale can be found here. Insiders sold 34,018 shares of company stock valued at $1,756,808 over the last quarter. 1.10% of the stock is owned by company insiders.

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.