United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells $1,261,930.78 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

United Parks & Resorts Trading Up 0.7 %

PRKS opened at $51.63 on Thursday. The firm’s fifty day simple moving average is $51.32 and its 200 day simple moving average is $52.16. The stock has a market capitalization of $3.23 billion, a P/E ratio of 13.88 and a beta of 2.01. United Parks & Resorts Inc. has a 12 month low of $40.87 and a 12 month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The firm had revenue of $497.60 million during the quarter, compared to analyst estimates of $503.93 million. During the same period in the prior year, the business posted $1.35 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that United Parks & Resorts Inc. will post 4.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PRKS has been the topic of several analyst reports. B. Riley increased their target price on United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. cut 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 research report on Monday. Macquarie reduced their price objective on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus reduced their price target on shares of 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. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.