United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) insider Christopher Finazzo sold 6,622 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the transaction, the insider owned 123,663 shares of the company's stock, valued at $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
United Parks & Resorts Stock Performance
NYSE:PRKS opened at $44.05 on Tuesday. The firm's fifty day moving average is $45.51 and its two-hundred day moving average is $38.81. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 3.93 and a beta of 1.16. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.33). The company had revenue of $483.32 million for the quarter, compared to analysts' expectations of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities research analysts predict that United Parks & Resorts Inc. will post 3.07 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently weighed in on PRKS shares. The Goldman Sachs Group lifted their price target 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. Weiss Ratings upgraded United Parks & Resorts from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. Barclays raised their price objective on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Northcoast Research initiated coverage on shares of United Parks & Resorts in a research note on Wednesday, July 8th. They issued a "neutral" rating for the company. Finally, Citizens Jmp initiated coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a "market perform" rating on the stock. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.10.
Get Our Latest Research Report on United Parks & Resorts
Institutional Investors Weigh In On United Parks & Resorts
Several institutional investors and hedge funds have recently added to or reduced their stakes in PRKS. Sound Income Strategies LLC purchased a new stake in shares of United Parks & Resorts during the fourth quarter worth $25,000. Quarry LP purchased a new position in shares of United Parks & Resorts in the third quarter worth about $28,000. Rockefeller Capital Management L.P. lifted its stake in shares of United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company's stock worth $31,000 after buying an additional 551 shares in the last quarter. Global Retirement Partners LLC acquired a new position in United Parks & Resorts during the second quarter worth about $31,000. Finally, Arax Advisory Partners acquired a new position in United Parks & Resorts during the fourth quarter worth about $31,000.
About United Parks & Resorts
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
