Key Points
- Insider sale: Christopher Finazzo sold 7,200 shares on Dec. 15 at an average price of $35.12 for $252,864, reducing his stake by 4.95% to 138,285 shares (≈$4.86M).
- Weak quarterly results: The company reported EPS of $1.61 vs. $2.24 expected and revenue of $511.85M vs. $540.43M, with revenue down 6.2% year‑over‑year and a negative return on equity of 44.47%.
- Market and analyst context: PRKS trades around $35.44 with a $1.93B market cap and a P/E of 10.8; analysts are mixed (average rating "Hold" with a $50.82 consensus price target).
United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) insider Christopher Finazzo sold 7,200 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the transaction, the insider directly owned 138,285 shares of the company's stock, valued at approximately $4,856,569.20. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
United Parks & Resorts Stock Performance
Shares of NYSE PRKS traded up $0.12 during mid-day trading on Thursday, reaching $35.44. The company's stock had a trading volume of 57,775 shares, compared to its average volume of 937,241. The stock has a market capitalization of $1.93 billion, a P/E ratio of 10.80 and a beta of 1.30. United Parks & Resorts Inc. has a 1-year low of $29.62 and a 1-year high of $60.63. The stock has a 50-day moving average of $40.99 and a two-hundred day moving average of $46.37.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.63). United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The company had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. During the same quarter in the prior year, the firm earned $2.08 earnings per share. The company's revenue for the quarter was down 6.2% on a year-over-year basis. Analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.
United Parks & Resorts declared that its board has approved a stock repurchase program on Friday, September 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of United Parks & Resorts in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of United Parks & Resorts from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 12th. Truist Financial decreased their price objective on United Parks & Resorts from $61.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, December 4th. Mizuho decreased their target price on United Parks & Resorts from $46.00 to $28.00 and set an "underperform" rating for the company in a research note on Wednesday, November 12th. Finally, Zacks Research lowered United Parks & Resorts from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $50.82.
Get Our Latest Stock Report on PRKS
Institutional Trading of United Parks & Resorts
A number of large investors have recently made changes to their positions in the stock. CWM LLC grew its stake in United Parks & Resorts by 74.3% in the 3rd quarter. CWM LLC now owns 495 shares of the company's stock worth $26,000 after acquiring an additional 211 shares during the period. Federated Hermes Inc. increased its position in United Parks & Resorts by 114.0% during the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company's stock worth $28,000 after purchasing an additional 293 shares in the last quarter. Quarry LP purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in United Parks & Resorts in the first quarter valued at about $31,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of United Parks & Resorts during the 2nd quarter valued at about $123,000.
About United Parks & Resorts
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Get Free Report)
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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