United Parks & Resorts Inc. (NYSE:PRKS) Insider Christopher L. Finazzo Sells 13,000 Shares of Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

United Parks & Resorts Price Performance

PRKS opened at $57.68 on Wednesday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.46 and a beta of 2.00. The company’s 50 day simple moving average is $55.26 and its two-hundred day simple moving average is $52.87. United Parks & Resorts Inc. has a 1-year low of $44.72 and a 1-year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its 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 company had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, equities analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

Institutional Trading of United Parks & Resorts

Hedge funds have recently made changes to their positions in the company. 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 position in United Parks & Resorts in the third quarter valued at about $28,000. Blue Trust Inc. purchased a new position in United Parks & Resorts during the third quarter worth about $30,000. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $32,000. Finally, KBC Group NV purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $54,000.

Analysts Set New Price Targets

PRKS has been the subject of several research reports. Mizuho restated an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. 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 report on Wednesday, September 18th. JPMorgan Chase & Co. cut their target price on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Macquarie lowered their price target 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. Finally, B. Riley restated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. One 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. According to data from MarketBeat, the company presently has an average 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.