United Parks & Resorts Inc. (NYSE:PRKS) Insider James Mikolaichik Purchases 34,000 Shares

United Parks & Resorts Inc. (NYSE:PRKS) insider James Mikolaichik purchased 34,000 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This represents a 80.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $58.07 on Thursday. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.36. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00. The business’s 50 day moving average price is $53.26 and its 200 day moving average price is $52.24.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup increased their price target on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Stifel Nicolaus lowered their price target on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Guggenheim lowered their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie decreased their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, United Parks & Resorts has an average rating of “Moderate Buy” and an average price target of $62.60.

Hedge Funds Weigh In On United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC acquired a new stake in United Parks & Resorts during the third quarter worth $25,000. Exchange Traded Concepts LLC acquired a new stake in United Parks & Resorts during the third quarter worth $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts during the third quarter worth $30,000. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts during the third quarter worth $32,000. Finally, KBC Group NV acquired a new stake in United Parks & Resorts during 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.