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

United Parks & Resorts Inc. (NYSE:PRKS) insider James Mikolaichik bought 34,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS traded up $0.16 during trading on Monday, hitting $56.97. 383,428 shares of the company were exchanged, compared to its average volume of 888,376. The company has a market cap of $3.13 billion, a PE ratio of 14.24 and a beta of 2.00. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.36. The stock has a 50 day moving average of $53.02 and a 200 day moving average of $52.19.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the prior year, the business earned $1.92 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in United Parks & Resorts during the third quarter valued at $739,000. Handelsbanken Fonder AB bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $390,000. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts during the third quarter worth about $25,000. Perpetual Ltd purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $16,862,000. Finally, Inspire Investing LLC bought a new position in shares of United Parks & Resorts in the 3rd quarter worth $411,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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 report on Thursday, August 8th. Macquarie cut their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Guggenheim decreased their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.60.

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.