United Parks & Resorts Inc. (NYSE:PRKS) Insider Purchases $1,947,860.00 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider James Mikolaichik acquired 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $57.23 on Wednesday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.44 and a beta of 2.00. The company’s fifty day simple moving average is $53.14 and its two-hundred day simple moving average is $52.21. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Analysts Set New Price Targets

PRKS has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie decreased their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Finally, Mizuho reissued an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.60.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new position in United Parks & Resorts in the 3rd quarter valued at $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at $30,000. Public Employees Retirement System of Ohio bought a new position in shares of United Parks & Resorts in the third quarter worth $32,000. Finally, KBC Group NV purchased a new stake in shares of United Parks & Resorts in the third quarter worth $54,000.

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.