Inspire Investing LLC Invests $411,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Inspire Investing LLC purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,118 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRKS. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $25,000. Handelsbanken Fonder AB acquired a new stake in shares of United Parks & Resorts during the third quarter worth $390,000. SG Americas Securities LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $739,000. Finally, Perpetual Ltd acquired a new stake in shares of United Parks & Resorts during the third quarter worth $16,862,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PRKS shares. Truist Financial dropped their price objective on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie lowered 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 research note on Friday. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, B. Riley reiterated a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th. One research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $63.20.

United Parks & Resorts Price Performance

Shares of PRKS opened at $52.67 on Friday. The firm has a 50-day moving average of $50.23 and a 200-day moving average of $51.80. United Parks & Resorts Inc. has a one year low of $40.87 and a one year high of $60.36. The company has a market cap of $3.05 billion, a PE ratio of 13.75 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 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 the consensus estimate of $503.93 million. During the same period last year, the business earned $1.35 EPS. The business’s revenue was up .3% on a year-over-year basis. Analysts expect that United Parks & Resorts Inc. will post 4.35 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the sale, the director now directly owns 41,766 shares of the company’s stock, valued at $2,091,223.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,366 shares of company stock valued at $1,938,984. Company insiders own 1.10% of the company’s stock.

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.