Mizuho Reiterates Underperform Rating for United Parks & Resorts (NYSE:PRKS)

United Parks & Resorts (NYSE:PRKS)‘s stock had its “underperform” rating reiterated by investment analysts at Mizuho in a research report issued on Friday,Benzinga reports. They presently have a $43.00 price objective on the stock, down from their prior price objective of $45.00. Mizuho’s target price suggests a potential downside of 24.26% from the stock’s previous close.

Other analysts have also issued reports about the company. B. Riley restated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, The Goldman Sachs Group cut United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $63.00 to $53.00 in a research note on Thursday, August 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.90.

United Parks & Resorts Stock Performance

PRKS opened at $56.77 on Friday. The stock has a 50-day moving average of $51.78 and a 200-day moving average of $51.72. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.36. The company has a market cap of $3.29 billion, a PE ratio of 14.23 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. United Parks & Resorts’s quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts predict that United Parks & Resorts will post 4.23 earnings per share for the current year.

Insider Buying and Selling at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now directly owns 41,766 shares in the company, valued at approximately $2,091,223.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. The trade was a 0.00 % 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 the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares in the company, valued at $2,091,223.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,366 shares of company stock valued at $1,938,984 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PRKS. Hexagon Capital Partners LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $28,000. Blue Trust Inc. acquired a new position in United Parks & Resorts during the third quarter worth $30,000. KBC Group NV bought a new position in shares of United Parks & Resorts in the third quarter valued at $54,000. Finally, Amalgamated Bank acquired a new position in shares of United Parks & Resorts during the third quarter valued at about $65,000.

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.