Insider Selling: United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells $723,060.00 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $53.62 on Friday. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The firm has a market cap of $2.95 billion, a PE ratio of 13.44 and a beta of 2.00. The company has a 50 day simple moving average of $55.64 and a 200 day simple moving average of $52.93.

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

Institutional Investors Weigh In On United Parks & Resorts

A number of institutional investors have recently made changes to their positions in PRKS. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts during the third quarter worth about $25,000. Exchange Traded Concepts LLC bought a new position in United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $30,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $32,000. Finally, KBC Group NV bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $54,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Macquarie dropped their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. JPMorgan Chase & Co. decreased 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 issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

About United Parks & Resorts

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.