United Parks & Resorts (NYSE:PRKS) Insider Sells $252,864.00 in Stock

by · The Markets Daily

United Parks & Resorts Inc. (NYSE:PRKS – Get Free Report) insider Christopher Finazzo sold 7,200 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares of the company’s stock, valued at $4,856,569.20. This represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded up $0.21 during mid-day trading on Wednesday, reaching $35.29. 813,882 shares of the company traded hands, compared to its average volume of 1,041,156. The company’s fifty day moving average is $40.99 and its two-hundred day moving average is $46.37. United Parks & Resorts Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $60.63. The stock has a market cap of $1.92 billion, a PE ratio of 10.79 and a beta of 1.30.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) 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 firm had revenue of $511.85 million for the quarter, compared to the consensus estimate of $540.43 million. During the same period in the prior year, the company posted $2.08 earnings per share. United Parks & Resorts’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts declared that its Board of Directors has approved a share repurchase program on Friday, September 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of United Parks & Resorts

Several large investors have recently made changes to their positions in PRKS. CWM LLC raised its holdings in shares of United Parks & Resorts by 74.3% in the third quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Federated Hermes Inc. increased its position in United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 293 shares in the last quarter. Quarry LP bought a new position in shares of United Parks & Resorts in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of United Parks & Resorts in the first quarter worth about $31,000. Finally, Neo Ivy Capital Management acquired a new position in shares of United Parks & Resorts during the second quarter worth approximately $123,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday. The Goldman Sachs Group dropped their price objective on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Truist Financial lowered their target price on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.82.

Check Out Our Latest Report on United Parks & Resorts

United Parks & Resorts Company Profile

(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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