United Parks & Resorts Inc. (NYSE:PRKS) Insider George Anthony Taylor Sells 23,837 Shares

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

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $51.63 on Thursday. The firm has a 50-day moving average of $51.32 and a 200-day moving average of $52.16. United Parks & Resorts Inc. has a 52-week low of $40.87 and a 52-week high of $60.36. The stock has a market cap of $3.23 billion, a PE ratio of 13.88 and a beta of 2.01.

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). The business had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 EPS. Equities research analysts predict that United Parks & Resorts Inc. will post 4.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie lowered 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 cut their target price for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Truist Financial lowered their price target on United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, United Parks & Resorts has an average rating of “Moderate Buy” and an average target price 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.