United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Hold” from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $46.40.

A number of equities analysts have recently issued reports on PRKS shares. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Truist Financial reduced their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Guggenheim decreased their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Citigroup dropped their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $31.03 on Wednesday. The company has a 50 day simple moving average of $35.16 and a 200 day simple moving average of $40.07. United Parks & Resorts has a 1 year low of $29.62 and a 1 year high of $56.95. The firm has a market cap of $1.51 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 2.20 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business had revenue of $373.55 million for the quarter, compared to the consensus estimate of $375.87 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. boosted its position in United Parks & Resorts by 742.3% during the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after acquiring an additional 3,944,894 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of United Parks & Resorts by 9.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock valued at $154,820,000 after purchasing an additional 256,367 shares during the period. Goldentree Asset Management LP lifted its stake in shares of United Parks & Resorts by 83.5% in the 4th quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after purchasing an additional 1,109,930 shares during the period. River Road Asset Management LLC boosted its position in shares of United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock valued at $74,645,000 after purchasing an additional 74,392 shares in the last quarter. Finally, Voss Capital LP boosted its position in shares of United Parks & Resorts by 4.3% during the 3rd quarter. Voss Capital LP now owns 2,050,000 shares of the company’s stock valued at $105,985,000 after purchasing an additional 85,000 shares in the last quarter.

United Parks & Resorts Company Profile

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.