United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) insider Christopher L. Finazzo sold 13,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
United Parks & Resorts Price Performance
NYSE PRKS opened at $57.68 on Wednesday. The company has a fifty day moving average of $55.26 and a two-hundred day moving average of $52.87. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The company has a market capitalization of $3.17 billion, a PE ratio of 14.46 and a beta of 2.00.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. On average, research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.
Institutional Inflows and Outflows
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Several hedge funds and other institutional investors have recently bought and sold shares of PRKS. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts during the third quarter worth about $25,000. Exchange Traded Concepts LLC purchased a new stake in shares of United Parks & Resorts during the third quarter worth approximately $28,000. Blue Trust Inc. purchased a new position in United Parks & Resorts during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $32,000. Finally, KBC Group NV purchased a new position in United Parks & Resorts during the third quarter worth about $54,000.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on PRKS shares. Mizuho reiterated an "underperform" rating and set a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Truist Financial lifted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. B. Riley reaffirmed a "buy" rating and issued a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Citigroup boosted their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Finally, Macquarie reduced their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, October 18th. One equities research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.60.
Check Out Our Latest Analysis on United Parks & Resorts
About United Parks & Resorts
(
Get Free Report)
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.
Further Reading
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